A Debit to a Liability Account Was Posted as a Debit

question 119

Multiple Choice

A debit to a liability account was posted as a debit to the Capital account.This error would cause:

• A)assets to be overstated.
• B)liabilities to be overstated.
• C)capital to be overstated.
• D)None of the above is correct.

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system that conserves energy as it slows the heart rate, increases intestinal and gland activity, and relaxes sphincter muscles in the gastrointestinal tract.

Respiration Rate

The number of breaths a person takes per minute, a vital sign important in assessing overall health and detecting possible medical conditions.

Prefrontal Cortex

The front part of the frontal lobes of the brain, instrumental in the regulation of complex cognitive, emotional, and behavioral functioning.

Frontal Lobe

The region of the brain situated at the forefront of each cerebral hemisphere, accountable for decision-making, resolving issues, and managing behavior.