A credit to an asset account was posted to an expense account.This would cause:
A)assets to be overstated.
B)liabilities to be understated.
C)capital to be understated.
D)expenses to be understated.

Question

Quizplus · Accepted Answer

The Answer of A credit to an asset account was posted to an expense account.This would cause:
A)assets to be overstated.
B)liabilities to be understated.
C)capital to be understated.
D)expenses to be understated.

A Credit to an Asset Account Was Posted to an Expense