If Accounts Payable has been debited, it is most likely that:
A) a payment was made on account.
B) a purchase was made on account.
C) a charge customer made a payment.
D) an expense was paid with cash.

Question

Quizplus · Accepted Answer

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

If Accounts Payable Has Been Debited, It Is Most Likely