The correct answer is: C. both (a) and (b).
A debit entry is an entry made in the left-hand side of a ledger account, while a credit entry is an entry made in the right-hand side of a ledger account. Detected money errors are corrected by making a debit entry or a credit entry, or both, depending on the nature of the error.
For example, if a company mistakenly pays a supplier twice, the company will need to make a debit entry to the cash account and a credit entry to the accounts payable account. This will reduce the amount of cash on hand and the amount owed to the supplier.
If a company mistakenly receives payment from a customer twice, the company will need to make a credit entry to the cash account and a debit entry to the accounts receivable account. This will increase the amount of
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