Accounts Payable Essentials: From Invoice Processing to Payment
Proper double-entry bookkeeping requires that there must always be an offsetting debit and credit for all entries made into the general ledger. To record accounts payable, the accountant credits accounts payable when the bill or invoice https://adprun.net/what-is-the-accounts-payable-process/ is received. The debit offset for this entry generally goes to an expense account for the good or service […]
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