MC35 What is the correct order of preparing a trial balance?
A. List all accounts in the ledger, record the debit and credit balances, and calculate the total debits and credits
B. Calculate the total debits and credits, list all accounts in the ledger, and record the debit and credit balances
C. Record the debit and credit balances, list all accounts in the ledger, and calculate the total debits and credits
D. List all accounts in the ledger, calculate the total debits and credits, and record the debit and credit balances
Answer:D
MC35 What is the correct order of preparing a trial balance?
A. List all accounts in the ledger, record the debit and credit balances, and calculate the total debits and credits B. Calculate the total debits and credits, list all accounts in the ledger, and record the debit and credit balances C. Record the debit and credit balances, list all accounts in the ledger, and calculate the total debits and credits D. List all accounts in the ledger, calculate the total debits and credits, and record the debit and credit balances