After posting all entries to the ledger, the Accounts Payable T-account will show which of the following? (Select all that apply.)

Payments made on the credit side.

Ending balance on the bottom of the credit side.

Payments made on the debit side.

Beginning balance on the top of the debit side.

Purchases on account on the debit side.

Beginning balance on the top of the credit side.

Purchases on account on the credit side.

Ending balance on the bottom of the debit side.

Expert Solution

Answer: Following are correct

1- Payment made on the debit side

2- Beginning balance on the top of the credit side.

3-Purchase on account on the credit side.

4- Ending Balance on the bottom of the debit side.

Reason: Accounts payable are liability to the business and liability have credit balance so account will show as follows.


Sample Accounts Payable A/c
Particulars	Amounts	Particulars	Amounts
To Bank / Cash A/c	XXXXX	By Balace b/f (opeinig)	XXXX
		By Credit Purchase	XXXX
To Balance C/f (ending)
Total	XXXXX	Total	XXXXX

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