Which of the following is the normal balance of an accumulated depreciation account?
A. Debit balance
B. Credit balance
C. Nil balance
D. None of the above
Answer: Option B
Solution (By Examveda Team)
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.This Question Belongs to Commerce >> Accounting
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???