Solved

A Debit to a Revenue Account Was Posted to an Expense

Question 82

Multiple Choice

A debit to a revenue account was posted to an expense account. This would cause

A) expenses to be overstated.
B) revenue to be understated.
C) expenses to be understated.
D) capital to be overstated.

Related Questions

Q77: Which of the following accounts would be

Q78: If the debit and credit totals of

Q79: The general ledger<br>A) is the book of

Q81: A credit to an asset account was

Q83: The entry to record delivering a financial

Q84: Interim reports are usually prepared once a

Q85: During the month of January, Katelyn invested

Q86: A running balance is maintained in the

Q87: Renzi's Volleyball Gym purchased equipment for $1,400.

Q113: The general journal entry to record a