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A debit to a liability account was posted to a revenue account. This would cause __________. A. assets to be overstated B. liabilities to be overstated C. capital to be overstated D. revenue to be overstated
A debit to a liability account was posted to a revenue account. This would cause liabilities to be overstated.
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Asked 5/6/2016 2:35:09 PM
Updated 5/6/2016 2:54:25 PM
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A debit to a liability account was posted to a revenue account. This would cause liabilities to be overstated.

Added 5/6/2016 2:54:25 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [5/6/2016 6:50:45 PM]
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A journal entry affecting three or more accounts is called a __________. A. multi-level entry B. multi-step entry C. compound entry D. simple entry
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Updated 5/6/2016 2:55:35 PM
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A journal entry affecting three or more accounts is called a compound entry.
Added 5/6/2016 2:55:35 PM
This answer has been confirmed as correct and helpful.
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