Question: Brief Exercise 2 - 1 ( Static ) List steps in the measurement process ( LO 2 - Below are the steps in the measurement
Brief Exercise Static List steps in the measurement process LO
Below are the steps in the measurement process of external transactions. Rank them from appropriate numbers in the dropdown list.
a Post the transaction to the Taccounts in the general ledger.
b Assess whether the impact of the transaction results in a debit or credit to account balances.
c Use source documents to identify accounts affected by an enternal transaction.
d Analyze the impact of the transaction on the accounting equation.
e Prepare a trial balance
f Record the transaction using debits and credits.
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