Question

Type the correct answer in the box. Spell all words correctly.

Joan bought office supplies worth $3,700 for her business. She records this transaction in the journal of the business by debiting the office supplies account. Which accounting error has Joan committed?

Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a _______
credit.”

Answer 1

Answer: Corresponding credit

Explanation

Answer 2

Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a

corresponding credit.”

Step-by-step explanation: