what is journal entry for paid cash to amar
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Accounts payable are considered liabilities. When your bookkeeper makes a payment on your account, he makes a journal entry as a debit from your company bank account and a credit in your accounts payable ledger. Once you pay the full amount due, your account is paid in full.
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Amar A/c. Dr xxx
To cash A/c. Xxxx
To cash A/c. Xxxx
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