Question

bill payable it is debited or credited in trial balance​

Answer 1

Answer:

bill payable is credited in trial balance

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Answer 2

Answer:

Under the accrual method of accounting or bookkeeping, a bill payable or unpaid vendor invoice is recorded in Accounts Payable with a credit entry. (The debit will likely be recorded as an expense or asset.) ... The credit balance in Accounts Payable is reported on the company's balance sheet as a current liability.