View Full Version : A/p liability do you add or subtract on a T ledger
Little lo
Jan 19, 2015, 09:07 PM
Ok A/p If I have a T account that looks like this
---------------
1600.
12000
1700
pready
Jan 20, 2015, 04:18 PM
If the amount increases your Liability account balance it will go on the right side of the T. If the amount decreases your liability account balance, then it will go on the left side of the T.
The numbers you have by themselves do not mean anything to anybody, without additional information.
Need additional information to determine what the numbers mean and where they go on a T account.
Klohecarter
Mar 2, 2015, 09:45 PM
I agree with the previous post, a normal balance is a credit to increase the liability to decrease as if a payment made would be a debit, please provide additional information