A debit to an asset account was posted to a liability account. This error would cause
A) assets to be understated.
B) liabilities to be overstated.
C) Capital to be overstated.
D) None of the above are correct.

Question

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The Answer of A debit to an asset account was posted to a liability account. This error would cause
A) assets to be understated.
B) liabilities to be overstated.
C) Capital to be overstated.
D) None of the above are correct.

A Debit to an Asset Account Was Posted to a Liability