A credit to an asset account was posted to a revenue account This error would

A credit to an asset account was posted to a revenue

  • Ashworth College
  • EXAM 5
  • Test Prep
  • Yankee7903
  • 10
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Question 9 of 402.5/ 2.5 PointsA credit to an asset account was posted to a revenue account. This error would cause __________.
A. assets to be overstatedB. revenue to be overstatedC. expenses to be overstatedD. Both A and C are correct. Question 10 of 402.5/ 2.5 PointsWhich of the following groups of accounts have a normal credit balance? Question 11 of 40 2.5/ 2.5 Points The business incurred an expense and paid it immediately. To record this __________. Question 12 of 402.5 / 2.5 PointsA debit to an asset account was posted to a liability account. This error would cause __________. Question 13 of 402.5/ 2.5 PointsGiven the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?Cash$1,100Accounts Receivable800Capital1,900Withdrawals500
Service Fees1,000Rent Expense500 A. $2,900 debit, $2,900 creditB. $3,900 debit, $3,900 creditC. $2,000 debit, $2,000 creditD. $1,200 debit, $1,200 credit Question 14 of 40 0.0/ 2.5 Points The chart of accounts __________. Question 15 of 402.5/ 2.5 PointsA debit to an expense account was posted to a revenue account. This error would cause __________.

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