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    Fundamental Accounting Principles Study Set 6
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    Exam 2: Analyzing and Recording Transactions
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    A $15 Credit to Sales Was Posted as a $150
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A $15 Credit to Sales Was Posted as a $150

Question 164

Question 164

Multiple Choice

A $15 credit to Sales was posted as a $150 credit.By what amount is the Sales account in error?


A) $150 understated.
B) $135 overstated.
C) $150 overstated.
D) $15 understated.
E) $135 understateD.$150 - 15 = $135

Correct Answer:

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