Multiple Choice
A debit to the Capital account was posted to a revenue account. This would cause
A) assets to be understated.
B) liabilities to be overstated.
C) capital to be understated.
D) revenue to be understated.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q71: Which of the following transactions would cause
Q127: How are explanations distinguished in the journal?<br>A)
Q128: Julie, a new employee, is not sure
Q129: Which of the following entries would record
Q130: If Cash has been debited, it is
Q132: A fiscal year runs for any 12
Q133: Prepare in proper form journal entries for
Q134: The general journal entry to record the
Q135: Rent paid in advance is a liability.
Q136: Which of the following accounts would be