Quiz Challenge

Question: 1/15

timeLefts

What is the first step in the procedure to strike a general ledger account balance?

  • A) Insert a balancing figure on the smaller side of the T-account
  • B) Carry the balance down diagonally to the next period
  • C) Total both sides of the T-account and find the larger total
  • D) Label the balancing figure as 'profit or loss'