An increase in AP is a debit. Do I need to create an asset account for machinery repairs for the credit?
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Type: Posts; User: paulcrowley
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Sep 18, 2017, 12:40 PM
Question: Posting question
by paulcrowley- Answers
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An increase in AP is a debit. Do I need to...
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Sep 18, 2017, 12:12 PM
Question: Posting question
by paulcrowley- Answers
- 3
- Views
- 3,234
Posting question
If I hire a mechanic to fix machinery on 60 day terms, I increase accounts payable. What is the balancing transaction post for this event?
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