Accountancy, asked by shubhangitr, 4 months ago

what would be debited if online payment has been made to the creditors regarding the outstanding payment​

Answers

Answered by MichSuchana91
1

Answer:Cash or bank is an asset, which increases on the left side (debit) and decreases on the right side (credit). Since it is decreasing we will credit this asset. The corresponding entry, the debit, is to creditors. ... FYI creditors are also known as accounts payable or simply payables.

Answered by vinodbandgar550
0

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