A debit posting odf $300 to accounts payable was inadvertently debited to Accounts Receivable. It is in balance? what is difference? larger column is?
Question
Solution 1
If a debit posting of $300 to accounts payable was inadvertently debited to Accounts Receivable, it would result in an imbalance in the accounts.
Step 1: Identify the error The error here is that a debit that should have been applied to accounts payable was instead applied to accounts receivable.
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