A credit to an asset account was posted to the Capital account. This error would cause
A) assets to be overstated.
B) liabilities to be overstated.
C) Capital to be understated.
D) Both A and C are correct.

Question

Quizplus · Accepted Answer

The Answer of A credit to an asset account was posted to the Capital account. This error would cause
A) assets to be overstated.
B) liabilities to be overstated.
C) Capital to be understated.
D) Both A and C are correct.

A Credit to an Asset Account Was Posted to the Capital