What will usually cause the liability accounts payable to increase?
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Answer:
The increased accounts payable amount is accounted for by adding a debit to the accounts payable because you are increasing one of your liabilities. ... At that point, the accounts payable amount will decrease when you add a credit to the existing liabilities.
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Some Causes that the liability accounts payable Tend to increase are as follows:
Explanation:
Some Causes that the liability accounts payable tend to increase occur due to:
- Purchasing inventory
- High cost of inventory
- Payable amount increases when it is accounted by adding debit amount to the accounts payable. As this way you tend to increase one of your liabilities.
- Usually Account payable tend to increase from generally accepted accounting principles and generate invoice for it.
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