A Credit to an Asset Account Was Posted to a Liability

question 110

Multiple Choice

A credit to an asset account was posted to a liability account. This would cause:

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

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Definitions:

Good Posture

This refers to the alignment of the body in a position that reduces stress on the muscles, spine, and ligaments during movement or while stationary.

Fibrous Disk

A type of cartilaginous joint found between the vertebrae in the spine that acts as a shock absorber.

Vertebrae

The individual bones that stack to form the vertebral column or spine, providing structural support and protecting the spinal cord.

Key Protein

A crucial protein that plays a vital role in the functioning of cells and the body's overall health and development.