Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

18: a credit to a liability account was posted to an owner's equity account.  This would cause

a. assets to be overstated

b. liabilities to be understated

c. owner's equity to be understated

d. net income to be overstated

Mar 2nd, 2015

c. owner's equity to be understated

Mar 2nd, 2015

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