If Accounts Payable has been debited, it is most likely that
A) the company made a payment to a creditor.
B) a customer made a payment.
C) the company made a purchase on account.
D) None of these are possible.

Question

Quizplus · Accepted Answer

When Accounts Payable is debited, it indicates a reduction in the liability, which typically occurs when a company makes a payment to a creditor, thus settling or reducing the amount owed.

If Accounts Payable Has Been Debited, It Is Most Likely