Multiple Choice Questions on Which of the following is the normal balance of an accumulated depreciation account ........ for General Knowledge ( All Exams) Preparation

Accountancy

Quantitative Aptitude (Pb Patwari)

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    Which of the following is the normal balance of an accumulated depreciation account?

    debit balance

    Incorrect Answer

    Credit balance 

    Correct Answer

    Nil balance 

    Incorrect Answer

    Non of these

    Incorrect Answer
    Explanation:

    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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