Is a bill a credit or debit?

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Brycen Baumbach asked a question: Is a bill a credit or debit?
Asked By: Brycen Baumbach
Date created: Sun, Aug 8, 2021 9:54 AM
Date updated: Tue, Jan 17, 2023 3:42 PM

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Is Bills Payable a Credit or Debit? Bills payable are entered to the accounts payable category of a business's general ledger as a credit. Once the bill has been paid in full, the accounts payable will be decreased with a debit entry.

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