Which Step in the Process of Measuring External Transactions Involves

question 25

Multiple Choice

Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits?

• A)Use source documents to determine accounts affected by the transaction.
• B)Prepare a trial balance.
• C)Analyze the impact of the transaction on the accounting equation.
• D)Post the transaction to the T-account in the general ledger.

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