Which of the following statements regarding posting and classification is correct?
A. If a $5,000 credit to a stockholders' equity account is misclassified as a $5,000 credit to a liability, the accounting equation will still balance.
B. If a $100 debit is erroneously posted to an account as a $100 credit, the accounts will be out of balance by $100.
C. Posting journal entries involves copying the dollar amounts from the ledger into the journal.
D. If a purchase of supplies on account for $100 is recorded with a debit to Supplies of $10 and a credit to Accounts Payable for $10, the accounting equation will not balance.
Answer: A
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Indicate whether the statement is true or false
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