If the debit amount of an entry to record the purchase of supplies on account was not posted:
A)assets would be understated.
B)assets would be overstated.
C)liabilities would be understated.
D)liabilities would be overstated.

Question

Quizplus · Accepted Answer

Assets would be understated because the debit to Supplies would not have been posted, resulting in a lower balance for Supplies.

If the Debit Amount of an Entry to Record the Purchase