Iâm whatâs known as the best of both worlds â a purrfect combination of two very popular cat breeds, the Persian and the Siamese. And thatâs both for my looks and my personality, which strikes the ideal balance between the Persianâs gentle nature and the Siameseâs affectionate playfulness.
SAP Accounts payable accounting is also called as sub-ledger accounting, as the business transactions are carried out individually in the vendor accounts. All the transactions that are processed in accounts payable are recorded directly in the general ledger account.
Q&A. Since Accounts Payable is a liability account, it should have a credit balance. The credit balance indicates the amount that company or organization owes to its suppliers or vendors. The Accounts Payable account is credited when goods or services are purchased on credit terms (as opposed to being purchased for cash).