Is Accounts Payable A Debit Or A Credit? Defined Simply
AP is a current liability, as it is a short-term debt, starting from days to a 12 months. Accounts payable is a liability account, and since legal responsibility accounts are recorded as a credit, accounts payable is taken into account a credit account. Automate Dispute Resolution with AP SoftwareInvoice discrepancies and errors are one of …
Is Accounts Payable A Debit Or A Credit? Defined Simply Read More »