Looking at similar projects for reference, I keep seeing inconsistent answers, so I'm confused about something. Specifically,
Fantastic news! We've Found the answer you've been seeking!
Question:
Looking at similar projects for reference, I keep seeing inconsistent answers, so I'm confused about something. Specifically, is the "Accumulated Depreciation" (AC) logging correctabout?
I have seen some people's work where on the "Trial Balance" sheet, AC is listed in the Credit column as "(45.83)". I thought it should be in the Debit column as "45.83". Depending on which way it is listed in the Trial Balance will affect the balance totals. Also, on the Balance Sheet I HAVE to list it as "(45.83)" to make it balance. Are my Trial Balance and Balance Sheets correct?
Related Book For
Excellence in Business Communication
ISBN: 978-0136103769
9th edition
Authors: John V. Thill, Courtland L. Bovee
Posted Date: