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What's the accounting entry when an Invoice is created in
AP?

Answers were Sorted based on User's Feedback



What's the accounting entry when an Invoice is created in AP?..

Answer / mahi

Through Matching with Purchase Order:

AP Accrual A/c Dr
To Liability A/c

Without Purchase order or Manually:

Charge A/c Dr
To Liability A/c

Is This Answer Correct ?    25 Yes 3 No

What's the accounting entry when an Invoice is created in AP?..

Answer / shantanu

Charge A/c is debited and Liability A/c is credited.
In case there are any taxes involved then also the relevant
Tax A/c is debited and Liability A/c is credited.

Is This Answer Correct ?    23 Yes 2 No

What's the accounting entry when an Invoice is created in AP?..

Answer / amesh

Stock A/c Dr
To Accounts Payable

Is This Answer Correct ?    3 Yes 0 No

What's the accounting entry when an Invoice is created in AP?..

Answer / mahesh .gudeti

When we are creating the at that entry will be like this

Item Expense A/c Dr

To Liability A/C should be credited.

Is This Answer Correct ?    1 Yes 0 No

What's the accounting entry when an Invoice is created in AP?..

Answer / madhav

AP ACCRUAL A/C DR
TO LIABILTY A/C

Is This Answer Correct ?    0 Yes 0 No

What's the accounting entry when an Invoice is created in AP?..

Answer / ashok atthuluri

AP Accrual A/C......Dr
To Liability A/c

Is This Answer Correct ?    0 Yes 0 No

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