JAMB Accounting 2021 Objective — Question 38
Question 38 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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38. Accumulated depreciation appears on _____ side of the trial balance a. Debit side b. Credit side c. Debit and credit side d. None of the above
- A. Debit side
- B. Credit sideCorrect
- C. Debit and credit side
- D. None of the above
Explanation
Accumulated depreciation is charged against an asset. Since assets carry a debit balance, accumulated depreciation (which reduces the asset) carries a credit balance.
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