Accounts payable payment journal entry.Which one is correct ?
(A) Dr. Accounts payable / Cr. Cash (B) Dr. Accounts payable / Cr. XYZ

Question

مستخدم محذوف‎ · Answer

Answer is

>>A) Dr account payable

Cr cash

Soumya Kanta Nayak · Answer

when payable is created the entry was goods dr to accounts payable. now when we make the payment we have reduce the liability side. so Accounts Payable dr to cash. so A is the answer

Mohsin Diwan · Answer

Right Answer is option A, Because a/c payable is liability and when it's debit it means you paid your payable which in result decrease your assets not your company (XYZ). So, Option A contains a right entry Dr A/c payable and Cr Cash.

Anas Dawah · Answer

Dr. Account Payable xxx

Cr. Cash xxx

Jigme Cheda Tshewang · Answer

Answer will be" B" because creditor are who has to pay to debtor after received goods

Samsheer ck samsheer · Answer

Correct Answer is

Account payable A/c Dr

Cash A/c Cr

Remesh Punnoparambil · Answer

Answer will be B, Because it is Payable

مستخدم محذوف‎ · Answer

The correct entry would be A, Dr. AP and Cr. Cash.

Senthil Velu Sivanandam · Answer

The Answer will be Dr: Accounts Payable / Cr: Cash

Esmat Guindy · Answer

Option a is right
because after the paymeny the cash or bank decreases by the amount which it was paid for the supplier with then the bank or cash must be credit.
and the account payable is a transitory account you should debit it in order to close the first entry which you have throw it in the expense entry.

Leonard Santiago · Answer

Answer: A.

Debit: Accounts Payable

Credit: Cash

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Accounts payable payment journal entry.Which one is correct ? (A) Dr. Accounts payable / Cr. Cash (B) Dr. Accounts payable / Cr. XYZ

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