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assets ; liabilities QUESTION 21 Which of the following accounts is not listed in the asset section on the trial balance? Sup
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Answer : Option C - Accumulated Depreciation

  • Accumulated Depreciation is shown as a credit item in the Trial Balance.Accumulated Depreciation is the sum total of depreciation charged until a specific date.Since in every reporting period a part of a fixed asset is written off ; such Accumulated Depreciation has a credit balance

        

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