Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits? Answer Use source documents to determine accounts affected by the transaction. Prepare a trial balance. Analyze the impact of the transaction on the accounting equation. Post the transaction to the T-account in the general ledger.

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

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

Answer
Prepare a trial balance.