Q173
How trial balance shows the accumulated depreciation?
A.
as a debit item
B.
as a credit item
AnswerC.
It doesn't show
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
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.