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    -schumacher-'s Avatar
    -schumacher- Posts: 5, Reputation: 1
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    #1

    Nov 28, 2007, 02:04 PM
    Trial balance
    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's Avatar
    student 101 Posts: 53, Reputation: 1
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    #2

    Nov 28, 2007, 02:11 PM
    Yes expense depresiation in debits and accumulated depresion as a credit
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    student 101 Posts: 53, Reputation: 1
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    #3

    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-'s Avatar
    -schumacher- Posts: 5, Reputation: 1
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    #4

    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?

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