The debit side of accounts payable indicates whether an asset or a liability

Accounts payable is a liability account, and the credit balance represents accounts payable, which is a liability; The debit balance represents the prepaid account and is an asset.

Accounts Payable]: Accounts payable is a liability account, in general economic business, the credit amount represents the amount owed to others to confirm the amount payable, and the debit amount is the actual payment. In general, the accounts payable account balance will be on the credit side, indicating how much money is still owed.

However, accounts receivable and accounts payable are all loanable and creditable, and some enterprises do not set up prepaid accounts account accounting, and all payments are directly merged into accounts payable accounts, so the debit balance of accounts payable can also represent unprepaid accounts, and this part of the balance should be filled in the prepaid accounts in the balance sheet, which belongs to assets.

Advance payment]: It can be expressed as a part of the price paid in advance to the other party in a procurement business, or it can be a price in excess of the original payment.

For example: an enterprise purchases a batch of commodities with a price of 100,000 yuan, and agrees to pay a deposit of 10,000 yuan to the other party first, and then pay the remaining 90,000 yuan after the goods are put into storage.

After the deposit is paid, the accounting entries are as follows when the goods are not put into storage

Debit: Accounts payable 10000

Credit: Bank deposit 10000

At this time, if there is no balance in the accounts payable account at the beginning of the first business, the balance of accounts payable will be on the debit side after this business occurs, and the meaning expressed is the prepaid accounts paid by the enterprise to the first business.

To sum up: the accounts payable debit balance represents the prepaid accounts and is an asset.

What do you mean: does the "debit balance" of accounts payable represent assets or liabilities? The actual nature of the "debit balance" of accounts payable is "assets". The "debit incurrence" of accounts payable represents the amount of accounts payable that was returned.

Accounts payable belong to the liability account, and the debit side of the liability account indicates a decrease in liabilities and the credit side indicates an increase in liabilities. So, the debit side of accounts payable represents the amount you should have paid but didn't pay.

First, the meaning is different:

Accounts payable. It is to calculate the purchase price of the goods that are not owed. As for the accrued liabilities, there is no such account in the accounting, but there is such a statement, which mainly includes some accrued and unpaid amounts payable, which should generally be accounted for in other liability accounts other than the accounts payable account, such as other payables.

Wait. Contract liabilities refer to the obligation of an enterprise to transfer goods to customers for consideration received or receivable from customers. For example, the enterprise has received the payment before the transfer of the promised goods.

Second, the treatment is different:

When the advance receipts received by the enterprise due to the transfer of goods are subject to the accounting treatment of this standard, the "advance receivables" are no longer used.

Accounts and "Deferred Income."

Subjects. The credit balance at the end of this account reflects the amount of the contract consideration that the enterprise has received or the unconditional right to receive the contract consideration before the transfer of goods to the customer.

Accounts receivable. It is the amount that should be collected from the purchasing unit due to the sale of goods, products, socks section delivery and labor services in the normal course of business, including various transportation and miscellaneous expenses paid by the buyer.

Accounts payable. The main accounting processing.

1) If the enterprise purchases materials, commodities and other inspection into the warehouse, but the payment has not been paid, according to the relevant vouchers (invoices, invoices and invoices recorded in the actual price or provisional value), debit the "material procurement", "materials in transit" and other accounts, according to the deductible value-added tax, debit the "tax payable - VAT payable (input tax)" and other accounts, according to the price payable, credit this account.

When an enterprise purchases goods, if the loss occurs due to the underpayment of the goods by the supplier when the goods are delivered, the supplier shall make up for the underpaid goods, and the "accounts payable" shall be debited and the "profit or loss of the property to be disposed of" shall be transferred by the credit party.

in the corresponding amount.

2) The unpaid amount payable due to the labor services provided by the ** unit shall be debited according to the invoice bill of the ** unit, and the "production cost" and "management expenses".

and other accounts, credit this account. When making a payment, this account is debited and accounts such as "Bank Deposit" are credited.

The above content reference: Encyclopedia - Accounts Payable.

Accounts payable are liabilities.

Accounts payable refers to the amount payable by an enterprise for business activities such as the purchase of materials, goods or the receipt of labor services**.

Accounts payable include: the price of the purchased goods, the input VAT tax, and the seller's disbursement expenses.

If the accounts payable are accompanied by a cash discount, the total amount of the accounts payable before deducting the cash discount shall be recorded, and the cash discount obtained from the payment during the discount period shall be offset against the financial expenses when the accounts payable are repaid. If the accounts payable are accompanied by commercial discounts, they shall be recorded in the total amount of accounts payable after deducting the commercial discounts.

Major accounting treatment of accounts payable

1) If the enterprise purchases materials, commodities and other inspection into the warehouse, but the payment has not been paid, according to the relevant vouchers (invoices, invoices and invoices recorded in the actual price or provisional value), debit the "material procurement", "materials in transit" and other accounts, according to the deductible value-added tax, debit the "tax payable - VAT payable (input tax)" and other accounts, according to the price payable, credit this account.

When an enterprise purchases materials, if the supplier makes up for the underpayment of the goods when the supplier makes up for the underpaid goods, the "accounts payable" shall be debited and the corresponding amount in the "profit or loss of property to be disposed of" shall be transferred to the credit side.

2) The unpaid amount payable arising from the provision of labor services by the ** unit shall be debited and credited to this account according to the invoice bill of the ** unit. When making a payment, this account is debited and accounts such as "Bank Deposit" are credited.

Summary. Contract liabilities are the obligations of the enterprise to transfer goods to customers for the consideration received or receivable from customers, contract liabilities belong to current liabilities, which are liability accounts, the debit side indicates the amount of write-off or decrease, the credit side represents the increased amount, and the balance is generally on the credit side. Before the enterprise transfers the goods to the customer, the customer has paid the contract consideration in advance, and the enterprise debits the "bank deposit" and credits the "contract liability" according to the price received; When an enterprise transfers relevant commodities to a customer, it debits the "contract liabilities" and credits the "main business income" or "other business income", taxes payable and other accounts.

Hello dear, glad to answer for you. The debit side of a pro-contractual liability can be an account receivable.

Can the debit side of a contract liability be an accounts receivable?

Contract liabilities are the obligations of the enterprise to transfer goods to customers for the consideration received or receivable from customers, contract liabilities belong to current liabilities, which are liability accounts, the debit side indicates the amount of write-off or decrease, the credit side represents the increased amount, and the balance is generally on the credit side. Before the enterprise transfers the goods to the customer, the customer has paid the contract consideration in advance, and the enterprise debits the "bank deposit" and credits the "contract liability" according to the price received; When an enterprise transfers relevant Huixiang commodities to customers, it debits "contract liabilities" and credits "main business income" or "other business income", taxes payable and other accounts.

Can the debit side of a contract liability be an accounts receivable? Answer: No, but there are differences, the advance receipt must receive the money to be able to Wang Pickup is the advance receipt, can not have a debit is accounts receivable, and the credit is the advance receipt.

The contract liabilities are mainly based on the premise of whether there is an obligation to perform the contract, and the money can be used if the money is received or not received.

I don't understand, can I or can't? How to make entries if the contract liabilities are not received?

Mainly depending on the situation The customer has paid the contract consideration to the enterprise in advance before the enterprise transfers the Changzao product, and the following entries are made: borrow: bank deposit loan:

When the contract liability enterprise transfers the commodity rock slip to the customer, the following entries are made: borrow: contract liability credit:

Main business income Other business income Taxes payable and other obligations of the contract liability enterprise to transfer goods to the customer due to the consideration received or receivable from the customer belong to the accounting account. If the company has received the payment before the transfer of the promised goods, it will use Nike.

Note: Current liabilities: short-term borrowings, payables, prepayments, withholding expenses, etc.

Long-term liabilities: long-term borrowings, bonds payable, long-term payables, etc.

Current assets: monetary funds, short-term investments, receivables, inventories, prepaid accounts, long-term amortized expenses, etc.

Long-term assets: long-term investments, fixed assets, intangible assets, deferred assets.

Owners' equity: share capital (paid-in capital), capital reserve, surplus reserve, undistributed profits.

Debit other payables, which are in essence other receivables or advances.

Other payables of the credit are receivables in the true sense.

2241 Other accounts payable.

1. This account accounts for the enterprise in addition to bills payable, accounts payable, accounts receivable, employee remuneration payable, dividends payable, interest payable, and payable.

Other payables and temporary receipts other than business activities such as taxes and long-term payables.

2. This account shall be accounted for in detail according to other payable items and the other unit (or individual).

3. When the enterprise incurs other payables and temporary receipts of Ranhong, the accounts such as "bank deposits" and "management expenses" shall be debited and credited to the department.

Eye; All other payables and temporary receivables are debited to this account and credited to the account "Bank Deposit".

4. The credit balance at the end of the period reflects other payables that have not yet been paid by the enterprise.

Other payables are presented on the basis of the closing balance analysis of "Other Payables", as in the "Other Payables" section.

At the end of the current period, the debit balance should be shown in the "other receivables" item.

Other receivables are filled in according to the closing balance analysis of "Other Receivables", if the "Other Receivables" account is a credit balance at the end of the period.

When listed in the "Other Payables" item.

Follow-up to the question of how to express the amount of money due on the debit side? - In the balance sheet, the balance at the end of the period of his accounts payable.

On the debit side, enter it in the other receivables. The closing balance of his payables is credited and is included in other payables. Don't use it.

A negative sign indicates. The balance sheet is filled in with the closing balance, not the amount incurred.