Loan: A bank loan of 5,000 yuan.

This business does not involve accounts payable.

A company borrowed a short-term loan of 5000 pounds from the bank to pay off its accounts payable. Does the amount payable increase or decrease accordingly? why

If accounts payable are returned:

Debit: accounts payable

Loans: bank deposits

This will reduce accounts payable.

Because accounts payable is a liability account, debit reflects a decrease.