Question

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when preparing a trial balance, there are certain steps that need to be followed. place the following steps in the correct order.
instructions
list each account title and its amount from the general ledger.
compute the total of debit balances and the total of credit balances.
verify that total debit balances equal total credit balances.
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Explanation:

To prepare a trial balance, you first gather all account data from the general ledger. Next, you calculate the combined total of all debit balances and all credit balances separately. Finally, you confirm that the two totals match, which is the core purpose of a trial balance to check for basic accounting equation accuracy.

Answer:

1. List each account title and its amount from the general ledger.
2. Compute the total of debit balances and the total of credit balances.
3. Verify that total debit balances equal total credit balances.