A debit to a liability account was posted to a revenue account. This would cause
A) assets to be overstated.
B) liabilities to be overstated.
C) capital to be overstated.
D) revenue to be overstated.
Correct Answer:
Verified
Q123: Posting is the transferring of information from
Q124: The trial balance lists the accounts
A) alphabetically.
B)
Q125: The informal listing of the ledger accounts
Q126: If the debit and credit totals of
Q127: A running balance is maintained in the
Q129: A debit to the Capital account was
Q130: If the business records a number as
Q131: A credit to an asset account was
Q132: A debit to the Capital account was
Q133: The same information is contained in the
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