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    powell1947's Avatar
    powell1947 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jun 13, 2012, 07:32 PM
    Account payable
    If Account payable has been credited,what is it most likey to do?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 13, 2012, 08:22 PM
    Here is a way for you to determine what debits and credits increase or decrease what type of accounts:

    Accounts with a normal debit balance;
    D - Debits
    E - Expenses
    A - Assets
    D - Dividends

    Accounts with a normal credit balance;
    C - Credits
    U - Unearned Revenues
    R - Revenues
    L - Liabilities
    S - Shareholders Equity/Owners Equity

    Accounts with a normal debit balance will be increased by a debit and decreased by a credit. While accounts with a normal credit balance will be increased by a credit and decreased by a debit.
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