A debit to an Expenses account was posted to a Revenue account. This would cause:
A) expenses to be overstated.
B) revenue to be overstated.
C) expenses to be understated.
D) None of the above
Correct Answer:
Verified
Q94: Post the following transactions to the ledger
Q95: A debit to an expense account was
Q96: A credit to a Liability account was
Q97: Posting is the process of entering amounts
Q98: Describe the difference in information contained in
Q100: The informal listing of the ledger accounts
Q101: The trial balance listing is in the
Q102: If a trial balance is not equal,
Q103: The trial balance lists the accounts:
A) alphabetically.
B)
Q104: A $1,500 check written for supplies was
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