If the credit amount of an entry to record the purchase of supplies on account was not posted:
A)liabilities would be unaffected.
B)assets would be understated.
C)owner's equity would be understated.
D)liabilities would be understated.

Question

Quizplus · Accepted Answer

When a purchase of supplies on account is not posted to the credit side, liabilities (accounts payable) are not increased as they should be, leading to an understatement of liabilities.

If the Credit Amount of an Entry to Record the Purchase