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Lindsie G
Nov 2, 2009, 04:13 PM
In the Accounts payable journal does are advertising and repairs credits or debits?
decisionsupport
Nov 2, 2009, 11:00 PM
Accounts Payable is a liability and liabilities have normal credit balances.
rehmanvohra
Nov 3, 2009, 04:20 AM
In the Accounts payable journal does are advertising and repairs credits or debits?

The Accounts Payable Journal is a misnomer. It has to be Purchases journal or a Voucher Register.

Accounts payable represents a current liability and has a credit balance. Advertising and repairs are expenses and have debit balances. I am sure yo do know the basics of double entry principle.