A Credit to an Asset Account Was Posted to a Liability

question 19

Multiple Choice

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

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

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Definitions:

Total Body Length

The measurement from the top of the head to the bottom of the feet in a standing position.

Growth Rate

The rate at which a biological organism grows in size, a quantifiable measure often used in pediatrics and developmental biology.

Gender Differences

Pertains to the distinctions in characteristics, behaviors, roles, and psychological attributes traditionally associated with being male or female in a society.

Ossified

Becoming rigid or inflexible, often used metaphorically to describe ideas or structures that are no longer open to change.