The debit and credit analysis of a transaction normally takes place
A. before an entry is recorded in a journal.
B. when the entry is posted to the ledger.
C. when the trial balance is prepared.
D. when the financial statements are prepared.
Answer:C
The debit and credit analysis of a transaction normally takes place
A. before an entry is recorded in a journal. B. when the entry is posted to the ledger. C. when the trial balance is prepared. D. when the financial statements are prepared.