It is a debit from the company side it is always a debit and when you pay out cash it is a credit
Accounts receivable is an asset and therefore maintains a debit balance. This is an account listing what a person or company owes you, or money that you expect to receive. Since it is an asset (all...
It's a debit
DEBIT
Accounts Payable is a Liability and therefore its normal balance is a Credit on the Balance Sheet