The owner of a transport business bought a motor vehicle, and it was recorded in the motor expenses account. How would this affect the end-of-year statement of financial position?
- Anon-current assets overstated; current assets no effect; capital account overstated
- Bnon-current assets overstated; current assets overstated; capital account no effect
- Cnon-current assets understated; current assets no effect; capital account understated
- Dnon-current assets understated; current assets understated; capital account no effect