Accountancy, asked by gulsher914, 9 months ago

What will usually cause the liability accounts payable to increase?

Answers

Answered by rocky364
4

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.

Answered by rk9506863
0

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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