Special Journals and A/P

imann · #1 Jul 5, 2007, 09:02 AM

I am confused about where A/P goes in the Cash Payments Journal. I was taught that Accounts Payable is a credit in the CP Journal but I have a book that shows that in the "Cash Payments Journal" Accounts Payable is a debit. How can it be both and who is right?

imann · Jul 5, 2007, 05:45 PM

thank you, actually it was my instructor which is why I was confused when the book showed it as a debit, which makes logical sense. Thank you for confirming this.



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