What is the journal entry of accounts payable?

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1268236

2026-03-05 07:15

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debit purchases
credit Accounts Payable


*For purchases (supplies, office materials, etc.) on account

Purchases xx

Accounts Payable xx

*During payment of purchases on account

Accounts Payable xx

Purchases xx

NOTE: Journal entries depends on the accounts involved, like: Taxes, discounts and other stuffs. ^^

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