Debit: Accounts Payable-Customer Name

Loans: bank deposits

After receiving the customer's invoice, debit the raw materials or inventory goods account according to the invoice content and credit the accounts payable, so that the accounts payable will be even. The entries are as follows:

Borrow: raw materials (or goods in stock)

Credit: Accounts Payable-Customer Name

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Accounts payable are fees and commissions that should be paid by enterprises (finance) but have not yet been paid. It is an accounting subject, which is used to calculate the amount that an enterprise should pay for its business activities such as purchasing materials, commodities and accepting labor services.

Usually refers to the debt arising from the purchase of materials, goods or services, which is caused by the inconsistency between the time when the buyer and the seller obtain materials and pay loans in the purchase and sale activities.