A credit to a liability account was posted to an owners equity account. This would cause:

1 answer

What is your answer?

A. assets to be overstated

B. liabilities to be understated

C. owner's equity to be understated

D. net income to be overstated
Similar Questions
    1. answers icon 1 answer
  1. you would transfer the net profit for a period to?a. an asset account b. a liability account c. an owner's equity account d. to
    1. answers icon 1 answer
  2. Choice3, Among the following alternatives which one is unacceptable equity of the accounting equations A asset = liability +
    1. answers icon 1 answer
    1. answers icon 0 answers
more similar questions