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

Question

Quizplus · Accepted Answer

By posting a debit intended for an expense account to an asset account, the asset account balance increases erroneously, leading to an overstatement of assets.

A Debit to an Expense Account Was Posted to an Asset