Question.4409 - Week 3 Discussion Questions (Initial post due by Wednesday and reply to two of your classmates by Sunday before midnight)Class, Please answer the following question and read the rubric (do not submit word file or excel file)If assets are valuable resources and asset accounts have debit balances, why do expense accounts also have debit balances? If an incorrect amount is journalized and posted to the accounts, how should the error be corrected?APA FormatDownload APA FormatAPA WebsiteLinks to an external site. Example of citation and reference:The purpose of accounting is to provide decision-makers with relevant and reliable information to help them make better decisions (Wild and Shaw, 2018). Examples include information for people making investments, loans, and business plans.Reference:Wild, J. J., & Shaw, K. W. (2018). FUNDAMENTAL ACCOUNTING PRINCIPLES. New York, NY: MCGRAW.-HILL EDUCATION.
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