An entry to Accounts Payable will be on the left side of the account if there is a decrease and on the right side of the account if there is an increase.

Question

Quizplus · Accepted Answer

Accounts Payable is a liability account, and according to the rules of double-entry accounting, increases in liabilities are recorded on the right side (credit), while decreases are recorded on the left side (debit).

An Entry to Accounts Payable Will Be on the Left