Accumulated Depreciation Is A Nominal Account Real Or Personal Account

Accumulated Depreciation Is What Type Of Account
Accumulated Depreciation is not a Nominal Account as it is not an expense account for the period.



It is also not a personal account as it is not related with the natural or living persons.



Yes, it is a real contra account as it is the reversal of relevant fixed or non current assets (which are Real Accounts). It is deducted from the cost of fixed assets on balance sheet.



So, we can say that accumulated depreciation is neither a nominal account nor a personal account but, in fact, it is a real contra account.



Comments