A journal entry to record a payment on account will include a
A)debit to accounts receivable.
B)credit to accounts receivable.
C)debit to accounts payable.
D)credit to accounts payable.

Name: A journal entry to record a payment on account will include a A)debit to accounts receivable. B)credit to accounts receivable. C)debit to accounts payable. D)credit to accounts payable.
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Question

Quizplus · Accepted Answer

When a payment is made on account, it reduces the liability, so accounts payable is debited.

A Journal Entry to Record a Payment on Account Will