Log in

View Full Version : Trial balance


-schumacher-
Nov 28, 2007, 02:04 PM
Hi I was asked to do a trial balance and I don't know whether I should put depreciation and accumulated depreciation in it? And also does accumulated depreciation include this years charge?

student 101
Nov 28, 2007, 02:11 PM
Yes expense depresiation in debits and accumulated depresion as a credit

student 101
Nov 28, 2007, 02:13 PM
Every time you post something in depresiation expence you have to crdit accumulated dpresion and never credit the asset your depresion is for

-schumacher-
Nov 28, 2007, 02:18 PM
OK thanks for your help.. will it balance then if your depreciation expense is different than your accumulated depreciation? Does the accumulated depr include the deprecation expense for the year?