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Answer is
>>A) Dr account payable
Cr cash
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
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.
Dr. Account Payable xxx
Cr. Cash xxx
Answer will be" B" because creditor are who has to pay to debtor after received goods
Correct Answer is
Account payable A/c Dr
Cash A/c Cr
Answer will be B, Because it is Payable
The Answer will be Dr: Accounts Payable / Cr: Cash
Answer: A.
Debit: Accounts Payable
Credit: Cash
