A Debit to an Asset Account Was Posted to a Liability

question 14

Multiple Choice

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

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

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Definitions:

Conversational Attempt

An effort made by individuals, especially children learning to speak, to engage in verbal interaction with others to convey messages or express needs.

Health Benefits

Positive effects on physical, mental, and social well-being obtained through specific actions or conditions, such as exercise, good nutrition, or sufficient sleep.

Grammatical Morphemes

Words and parts of words that create meaning by showing the relationships between other elements within the sentence.

First Language

The initial language a person learns from birth, which often forms the foundation of their linguistic and communicative abilities.