A Debit to an Expense Account Was Posted to an Asset

question 75

Multiple Choice

A debit to an expense account was posted to an asset account. This would cause:

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

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Definitions:

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Setting Boundaries

The process of establishing limits or guidelines to protect one's well-being and maintain healthy relationships.

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A phenomenon where the transmission of information is hindered by noise, physical barriers, or competing signals.

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The process by which information is communicated between individuals, groups, or systems, often involving a sender, message, and recipient.