Accounts Payable Entries

At which stage accounting entries gets generates in AP?
Also what is Credit balance?
How is your Team helps in generating revenue to the company?

Showing Answers 1 - 3 of 3 Answers


  • Nov 11th, 2015

AP entries gets generated when GRN are prepared hence showing the Credit balance in vendor accounts.
Credit Balance is outstanding payment the needs to be paid.
Booking of correct expenses with merging the old data. We get the accurate expense details.


  • Dec 27th, 2015

I want more information about accounting and finance

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nishant tyagi

  • Mar 9th, 2017

1. Inventory Receiving A/C Dr.
To Accrual/Goods Clearing
2. Accural/Goods Clearing A/c Dr
To Accounts payable
3. Accounts payable a/c Dr.
To Bank Clearing A/c
4. For Reconciliation-
Bank clearing A/c Dr.
To Bank A/c

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