A credit to a liability account was posted to the capital account. This would cause:

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7 years ago

A credit to a liability account was posted to the capital account. This would cause:

A credit to a liability account was posted to the capital account. This would cause:
A) net income to be overstated.
B) liabilities to be understated.
C) owner's equity to be understated.
D) assets to be overstated.

Textbook

College Accounting: A Practical Approach

Edition: 13^th

Author: Slater

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