Question
A credit to an Asset account was posted as a credit to the Revenue account. This error would cause: A.liabilities to be overstated. B.capital to
A credit to an Asset account was posted as a credit to the Revenue account. This error would cause:
A.liabilities to be overstated.
B.capital to be understated.
C.revenue to be overstated.
D.Both A and C are correct.
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Modern Analytical Auditing Practical Guidance For Auditors And Accountants
Authors: Thomas Mckee
1st Edition
0899303544, 978-0899303543
