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grkcutie18
Dec 13, 2007, 07:06 PM
Does Cost of merchandise sold go on the debit or credit side? Accumulated Depreciation debit or credit?

Smith21000
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.