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Which of the comes first in the accounting process

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Reference no: EM133007132

Problem 1: The trial balance debit or credit amount of each account is combined with the amount of any debit or credit adjustment to that account to determine the new balance of the account. This process is known as

a. balancing.
c. footing.
b. cross-footing.
d. totaling.

Problem 2: Which of the following comes first in the accounting process?

a. journalizing external transactions
b. preparation of an adjusted trial balance
c. preparation of an unadjusted trial balance
d. worksheet preparation

Reference no: EM133007132

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