A Debit to a Liability Account Was Posted to an Expense

question 7

Multiple Choice

A debit to a liability account was posted to an expense account. This would cause

• A) assets to be overstated.
• B) liabilities to be understated.
• C) owner's equity to be overstated.
• D) expenses to be overstated.

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Definitions:

Optimal Interaction

Refers to the most favourable or effective communication or engagement between individuals or entities.

Workplace Teams

Groups of employees organized within a business to achieve specific tasks, projects, or goals collaboratively.

Providing Distractions

The act of diverting attention away from a primary focus or task.

Group Differences

Variations or disparities among categories of individuals, often pertaining to demographic, cultural, or organizational characteristics.