What accounts are affected by the accounting error


Problem

The company Salsis Pican SA purchased inventory worth $2,000 and will pay it to the supplier next month. At the time of making the accounting record of the purchase, Mr. Pedro Ronquis, in charge of accounts payable; you made the mistake of entering the cost of the inventory at a value of $2,500. What accounts are affected by this accounting error?

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Accounting Basics: What accounts are affected by the accounting error
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