A Debit to a Liability Account Was Posted to a Revenue

question 56

Multiple Choice

A debit to a liability account was posted to a revenue account.This error would cause:

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

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Definitions:

Trochophore Larva

A larval form found in mollusks and many polychaetes.

Petechiae

Tiny, round spots that appear on the skin due to bleeding under the surface, often indicative of a medical condition.

Dark-Skinned Individuals

Persons with a higher concentration of melanin in the skin, which can affect the clinical diagnosis of conditions like anemia or petechiae.

Oral Mucosa

The mucous membrane lining the inside of the mouth, which can be a site of absorption for certain medications or a location for various diseases.