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 overstated.

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 overstated.

A Credit to an Asset Account Was Posted to an Expense