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.

Understand the concept of competency matrices and their application in job analysis and performance assessment.

Understand the role and importance of job descriptions in meeting new hires’ expectations.

Recognize the disadvantages and limitations of different job data collection methods, like focus groups and observation.

Comprehend the application of industry standards and benchmarking in job performance evaluation.

---

Definitions:

Social Cognitive Theory

A theory in psychology that posits that learning occurs in a social context with a dynamic and reciprocal interaction of the person, environment, and behavior.

Albert Bandura

A prominent psychologist known for his work on social learning theory and the concept of self-efficacy.

Self-efficacy

A person's belief in their ability to succeed in specific situations or accomplish a task, which can play a significant role in how goals, tasks, and challenges are approached.

Mastery Orientation

An approach to learning where the focus is on gaining knowledge or skill and understanding the task rather than on outward signs of success or comparison to others.