A Debit to an Asset Account Was Posted as a Debit

question 39

Multiple Choice

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

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

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Definitions:

Dog

A domesticated carnivorous mammal known for its loyalty and companionship.

Bowls

Rounded vessels that are open at the top, used typically for holding food, liquids, or other items.

Indicator Words

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