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

Question

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

A Debit to an Asset Account Was Posted as a Debit