grkcutie18
Dec 13, 2007, 06:06 PM
Does Cost of merchandise sold go on the debit or credit side? Accumulated Depreciation debit or credit?
grkcutie18 Dec 13, 2007, 06:06 PM Does Cost of merchandise sold go on the debit or credit side? Accumulated Depreciation debit or credit? Smith21000 Dec 14, 2007, 07:31 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. Copyright ©2005-, Ask Me Help Desk
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