Question

Depreciation appearing in the trial balance should be _________.

• A. debited to P & L A/c
• B. shown as liability in balance sheet
• C. reduced from related asset in Balance Sheet
• D. both (A) & (C) of the above

Answer 1

The correct option is A debited to P & L A/c

Depreciation appearing in the trial balance should be Debited to P & L A/c. Depreciation is an indirect expense for the company, and is to be debited to P & L A/c.