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Which of the following is the normal balance of an accumulated...

This question belongs to Commerce Accounting
Accounting
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Which of the following is the normal balance of an accumulated depreciation account?

Answer & Solution
Correct Answer: Option B
Credit balance is the normal balance of an accumulated depreciation account. Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset.
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1 Comment
Rana Siddique
Rana Siddique 5 years ago
Whether depreciation expense is debited to the account of fixed assets and the other effect (i.e. Credit effect) is being made to the account of Accumulated depreciation???
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