A Credit to a Liability Account Was Posted to a Revenue

question 115

Multiple Choice

A credit 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:

Hypertension

A medical condition characterized by persistently high blood pressure.

Blood Cholesterol

A fatty substance present in the blood, essential for normal body function but high levels can lead to cardiovascular diseases.

Renal Disease

A broad term representing disorders that affect the kidneys' ability to function properly, including conditions such as chronic kidney disease and glomerulonephritis.

Pulse Oximeter

A non-invasive device that measures the saturation of oxygen in a person's blood.