Ask a New Question

Question

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

Answers

Ms. Sue
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
6 years ago

Related Questions

What is the liability of the seller if alcohol is sold to a minor? It depends on that happened? Di... a credit card account has $650 balance on May 5. A purchase of $321 was made on May 14 and a paymen... If a store credit account charges 1.2% interest each month, what is the APR? A credit to a liability account was posted to an owner's equity account. This would cause __________... A debit to a liability account was posted to the capital account. This error would cause __________.... is a line of credit a liability A credit card account had a balance of $968 on May 5. A purchase of $295 was made on May 17, and a p... What is Liability? Credit scores and credit cards quick check Account managers, account planners, and media buyers are all positions in what field of marketing?...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use