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.

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Definitions:

Training Program

A planned and structured set of activities designed to achieve specific learning outcomes and improve performance.

E-learning Programs

Online education courses or training programs that utilize electronic resources for learning.

Web-based Surveys

Surveys distributed and collected through internet platforms, enabling widespread participation with ease.

Cost-Effectiveness

The measure of how economically resources are used to achieve desired outcomes, often evaluated in terms of the results produced per unit of cost.