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    grkcutie18's Avatar
    grkcutie18 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 13, 2007, 07:06 PM
    Unadjusted trial balance
    Does Cost of merchandise sold go on the debit or credit side? Accumulated Depreciation debit or credit?
    Smith21000's Avatar
    Smith21000 Posts: 69, Reputation: 9
    Junior Member
    		  
    #2

    Dec 14, 2007, 08:31 AM
    Cost of merch. Sold is an expense and therefore is a debit and accumulated depreciation reduces the cost basis of an asset an therefore is a credit.
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