Question

which step in the process of measuring external transactions involves assessing the equality of total debits and total credits? multiple choice post the transaction to the t - account in the general ledger analyze the impact of the transaction on the accounting equation prepare a trial balance use source documents to determine accounts affected by the transaction

Explanation:

In accounting, a trial - balance is prepared to check if the total debits equal the total credits. Posting to T - accounts records transactions, analyzing impact on accounting equation focuses on assets = liabilities + equity, and using source documents is for identifying accounts affected.

Answer:

C. Prepare a trial balance