Question
When cash is being paid on account, which account is listed on the second like of the entry?
Answers
GPT-5 mini
Cash.
When you pay on account you debit Accounts Payable (first line) and credit Cash (second, indented line).
Example:
- Accounts Payable (debit) XXXX
- Cash (credit) XXXX
When you pay on account you debit Accounts Payable (first line) and credit Cash (second, indented line).
Example:
- Accounts Payable (debit) XXXX
- Cash (credit) XXXX