Question

Salaries paid to Mohan, which accounts will be debited ?

Answer 1

Answer:

its your answr

Explanation:

Answer and Explanation:

General Journal Debit Credit

Accounts Payable - Mohan $XX

Cash $XX

Answer 2

Accounts payable represents the amount that a company owes to its creditors. It is a liability for the company which holds a credit balance until settlement is made. It is classified as a current liability in the balance sheet because it is expected to be paid within a period of one year or less