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Assignment help 7547

I’m not to sure about the following and need some assistance Please

The chart of accounts __________.

is a numbered list of all of the business’ accounts

allows accounts to be located quickly

can be expanded as the business grows

All of the above answers are correct.

I think is D 

A debit to an asset account was posted to an expense account. This error would cause __________.

liabilities to be overstated

expenses to be overstated

assets to be understated

Both B and C are correct.

I think is B

A debit to a liability account was posted to the capital account. This error would cause __________.

assets to be overstated

liabilities to be overstated

capital to be overstated

None of the above answers are correct.

A debit to a liability account was posted to a revenue account. This would cause __________.

assets to be overstated

liabilities to be overstated

capital to be overstated

revenue to be overstated

A debit to a revenue account was posted to an expense account. This would cause __________.

expenses to be overstated

revenue to be understated

expenses to be understated

capital to be overstated

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