A credit to a liability account was posted as a credit to an expense account. This error would cause:
A) assets to be overstated.
B) liabilities to be overstated.
C) expenses to be overstated.
D) liabilities to be understated.

Question

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The Answer of A credit to a liability account was posted as a credit to an expense account. This error would cause:
A) assets to be overstated.
B) liabilities to be overstated.
C) expenses to be overstated.
D) liabilities to be understated.

A Credit to a Liability Account Was Posted as a Credit