If the credit portion of a journal entry is posted but the debit side is not,liabilities will always be overstated.

Question

Quizplus · Accepted Answer

If only the credit portion of a journal entry is posted, there will be an imbalance in the books and the accounting software will not allow the transaction to be completed. Therefore, neither the debit nor the credit side will be posted. As a result, the liabilities will not be overstated.

If the Credit Portion of a Journal Entry Is Posted