A debit to a liability account was posted as a debit to the Capital account.This error would cause:
A)assets to be overstated.
B)liabilities to be overstated.
C)capital to be overstated.
D)None of the above is correct.

Question

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The Answer of A debit to a liability account was posted as a debit to the Capital account.This error would cause:
A)assets to be overstated.
B)liabilities to be overstated.
C)capital to be overstated.
D)None of the above is correct.

A Debit to a Liability Account Was Posted as a Debit