How trial balance shows the accumulated depreciation?
A. as a debit item
B. as a credit item
C. It doesn't show
D. None of the above
Answer: Option B
Solution(By Examveda Team)
Trial balance shows the accumulated depreciation as a credit item. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.Related Questions on Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
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A. Current assets
B. Fixed assets
C. Intangible assets
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A. Current assets
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A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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