Is accounts payable a debit or credit on the trial balance?

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448 viewsApril 28, 2013Accounting

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Bradshaw December 2, 2012 0 Comments

Do I credit the trial balance when accounts payable increase or do I debit? Since accounts payable is a liability, I need to credit right?

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score 0 · Answer 1 · 2012-12-02T18:28:47+00:00

Accounts payable is a liability account. When you create a liability (or increase it), it is a credit. If you decrease it (make a payment), it is a debit.