A Debit to a Liability Account Was Posted to a Revenue

question 163

Multiple Choice

A debit to a liability account was posted to a revenue account. This error would cause

• A) revenues to be understated.
• B) liabilities to be understated.
• C) Capital to be overstated.
• D) None of the above are correct.

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Definitions:

Headache

A pain or discomfort in the head, scalp, or neck, often caused by stress, tension, migraine, or sinus problems.

Confusion

A state of being bewildered or unclear in one’s mind about something.

Insomnia

A sleeping disorder characterized by persistent difficulty falling asleep, staying asleep, or obtaining restorative sleep, affecting daily functioning.

G93.40

A code used in medical classification systems for identifying a specific condition, but without further context, its significance varies.