A credit to a liability account was posted to the capital account.This would cause:
A)assets to be overstated.
B)liabilities to be understated.
C)owner's equity to be understated.
D)net income to be overstated.

Question

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The Answer of A credit to a liability account was posted to the capital account.This would cause:
A)assets to be overstated.
B)liabilities to be understated.
C)owner's equity to be understated.
D)net income to be overstated.

A Credit to a Liability Account Was Posted to the Capital