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)at some other point in the accounting cycle.

Question

Quizplus · Accepted Answer

Debit and credit analysis takes place before an entry is recorded in a journal in order to ensure that the entry is recorded correctly and that debits and credits are properly balanced. This is a crucial step in the accounting cycle to ensure the accuracy of financial information.

The Debit and Credit Analysis of a Transaction Normally Takes