In Which Columns Of A Worksheet Would The Adjusted Balance Of Accumulated Depreciation Appear
The Adjusted Balance Of Accumulated Depreciation Would Appear In Which Columns Of Worksheet?
Accumulated Depreciation appearrs in Trial Balance Credit, Adjusted Trial Balance Credit, And Balance Sheet Column Credit, which is a Contra Asset Account, is deducted from the cost of Fixed Assets on Balance Sheet.
Accumulated depreciation has normal credit balance as it is the reversal of relevant fixed assets in order to find out the book value of fixed assets. So, it is credited in trial balance, adjusted trial balance and balance sheet column of worksheet.
Comments