If retained earnings were understated and liabilities were overstated, which of the following errors could have been the cause?

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问题 If retained earnings were understated and liabilities were overstated, which of the following errors could have been the cause?

选项 A、Making the adjustment entry for depreciation expenses twice.
B、Failure to record interest accrued on a note payable.
C、Failure to make the adjusting entry to record revenue which had been earned but not yet billed to clients.
D、Failure to record the earned portion of fees received in advance.

答案D

解析
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