Is Accounts Payable A Debit Or Credit?

[jatin]

I’m trying to understand how accounts payable works in accounting. Specifically, I want to know whether accounts payable is recorded as a debit or a credit. I’m a bit confused about when to debit or credit this account in transactions.
Could someone please explain how accounts payable is treated in bookkeeping and maybe give a simple example?

 

[danisjohn]

Accounts Payable is a credit balance account. It represents a company's obligation to pay off short-term debts to creditors or suppliers. When a company receives goods or services on credit, it records a credit to Accounts Payable. Payments made reduce the liability, resulting in a debit entry to the account.

 

[Emly]

Accounts Payable is a credit account. It represents money a company owes to suppliers or vendors, so when you record an increase in Accounts Payable, you credit the account. Conversely, when you pay off what you owe, you debit Accounts Payable to reduce the balance.

 

[Gsusangrey]

Accounts payable is recorded as a credit on the balance sheet because it represents money a company owes to suppliers. When the company pays the debt, the accounts payable account is debited, reducing the liability. It’s a liability account.

 

[brook]

Accounts Payable is a credit account. It is money the business owes suppliers or vendors, hence when your business records an entry of increased accounts payable you will credit the account. On the other hand, as you repay your debtors, you will debit Accounts Payable to clear the amount.

 

[peterkavinsky]

Accounts payable is a credit entry because it represents money a company owes to suppliers. When the debt is paid, it's recorded as a debit to reduce the liability.