Which Step in the Process of Measuring External Transactions Involves

question 94

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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Definitions:

Uppermost Mantle

The top layer of the Earth's mantle, directly beneath the Earth's crust, involved in tectonic plate movements and magma generation.

Isostasy

The condition of equilibrium, comparable to floating, of the crust resting on the solid mantle.

Equilibrium

A state of balance between opposing forces or actions.

Asthenosphere

The area of mantle beneath the lithosphere that is solid, but hotter than the rock above it and can flow under pressure; functions as a soft, weak zone over which the lithosphere may move.