A Credit to an Asset Account Was Posted to a Revenue

question 85

Multiple Choice

A credit to an asset account was posted to a revenue account.This error would cause:

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

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Definitions:

Host Countries

Nations that host businesses, organizations, or individuals from other countries, often relating to international firms or workers.