A Debit to an Asset Account Was Posted as a Debit

question 114

Multiple Choice

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

• A) liabilities to be overstated.
• B) expenses to be overstated.
• C) assets to be understated.
• D) Both B and C are correct.

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Definitions:

Health Screening Activities

Procedures or tests carried out to detect diseases or health conditions at an early stage, before symptoms become apparent.

Detect Disease

The identification or diagnosis of illnesses or disorders through examination, tests, or other procedures.

Treatment Options

Refers to the various methods and strategies available for managing or curing a disease or condition.

Health Promotion Model

A theoretical framework for understanding the behavior of individuals in actively caring for and improving their own health.