A Debit to a Revenue Account Was Posted to an Expense

question 82

Multiple Choice

A debit to a revenue account was posted to an expense account. This would cause

• A) expenses to be overstated.
• B) revenue to be understated.
• C) expenses to be understated.
• D) capital to be overstated.

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Definitions:

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a disdain for other groups.

Exclusionary Policies

Rules or practices designed to intentionally or unintentionally exclude certain groups or individuals.

Stereotypes

Stereotypes are oversimplified and generalized beliefs about a particular group of people or things, which often do not consider individual differences.

Self-fulfilling Prophecies

Expectations about a situation or person that lead to actions which cause the expectations to come true.