Introduction to Accounting

Accounting
Tutor: None Selected Time limit: 1 Day

Q18: A credit to a liability account was posted to an owners 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 overstated

Mar 2nd, 2015

c. owner's equity to be understated

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Mar 2nd, 2015

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