A credit to an asset account was posted to an expense account. This would cause:
A) assets to be understated.
B) liabilities to be understated.
C) capital to be understated.
D) expenses to be understated.

Question

Quizplus · Accepted Answer

The Answer of A credit to an asset account was posted to an expense account. This would cause:
A) assets to be understated.
B) liabilities to be understated.
C) capital to be understated.
D) expenses to be understated.

A Credit to an Asset Account Was Posted to an Expense