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By what mechanism is the following reaction likely to occur?
Accounts Payable
Accounts Payable is a liability account on a company's balance sheet representing money owed to suppliers or creditors for goods and services received but not yet paid for.
Trial Balance
A bookkeeping report that lists the balances of all ledgers accounts to check that debits equal credits in the double-entry accounting system.
Debits
Debits refer to an accounting entry that results in either an increase in assets or expenses or a decrease in liabilities or equity on a company's balance sheet.
Ledger
A Ledger is a book or collection of accounts in which account transactions are recorded, classified, and summarized.
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