A Debit to the Capital Account Was Posted to a Revenue

question 82

Multiple Choice

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

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

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Definitions:

Giving Approval

The act of officially agreeing to or endorsing something.

Being Silent

The act of refraining from speaking, which can be used as a form of communication or as a strategy in negotiation and conflict resolution.

Five Stages

Typically refers to a model or theory that outlines a process in stages, though the specific context (grieving, development, etc.) would define the stages.

Death And Dying

Refers to the final stage of life and the process leading to death, encompassing biological, social, and psychological aspects.