Question 36 of 402.5/ 2.5 PointsA credit to an asset account was posted to a revenue account. This would cause __________.
Question 37 of 402.5/ 2.5 PointsA debit to an expense account was posted to an asset account. This would cause __________.A. assets to be understatedB. liabilities to be understatedC. capital to be understatedD. expenses to be understated
Question 38 of 402.5/ 2.5 PointsThe first step of the accounting cycle is __________.