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    Lindsie G's Avatar
    Lindsie G Posts: 1, Reputation: 1
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    #1

    Nov 2, 2009, 05:13 PM
    Accounts payable journal
    In the Accounts payable journal does are advertising and repairs credits or debits?
    decisionsupport's Avatar
    decisionsupport Posts: 31, Reputation: 1
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    #2

    Nov 3, 2009, 12:00 AM

    Accounts Payable is a liability and liabilities have normal credit balances.
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #3

    Nov 3, 2009, 05:20 AM
    Quote Originally Posted by Lindsie G View Post
    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.
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