A credit to a Liability account was posted to a Revenue account. This would cause:
A) assets to be overstated.
B) liabilities to be understated.
C) capital to be overstated.
D) revenue to be understated.

Question

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The Answer of A credit to a Liability account was posted to a Revenue account. This would cause:
A) assets to be overstated.
B) liabilities to be understated.
C) capital to be overstated.
D) revenue to be understated.

A Credit to a Liability Account Was Posted to a Revenue