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    Business
  3. Study Set
    College Accounting Study Set 2
  4. Exam
    Exam 2: Debits and Credits: Analyzing and Recording Business Transactions
  5. Question
    A Credit to an Asset Account Was Posted as a Credit
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A Credit to an Asset Account Was Posted as a Credit

Question 50

Question 50

Multiple Choice

A credit to an asset account was posted as a credit to the Revenue account. This error would cause:


A) revenue to be overstated.
B) liabilities to be overstated.
C) capital to be understated.
D) Both A and C are correct.

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