The accounting equation must remain in balance
A. throughout each step in the accounting cycle.
B. only when journal entries are recorded.
C. only at the time the trial balance is prepared.
D. only when formal financial statements are prepared.
Answer:A
The accounting equation must remain in balance
A. throughout each step in the accounting cycle. B. only when journal entries are recorded. C. only at the time the trial balance is prepared. D. only when formal financial statements are prepared.