A Debit to a Liability Account Was Posted to a Revenue

question 55

Multiple Choice

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

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

---

Definitions:

Perceived Social Support

The feeling or belief that one has a network of caring and supportive relationships.

Rates of Mortality

Statistical measure of the number of deaths in a specific population, typically expressed per 1,000 or 100,000 persons per year.

Older Adults

Individuals typically aged 65 and over, often marking a period of retirement, potential health issues, and adjustment to changes in lifestyle and social roles.

Society

A group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.