Which of the following would cause a contra-asset to be credited and an expense debited?
A) Recording an accrued expense
B) Recording the consumption of supplies
C) Recording the building depreciation
D) All of the above would have that effect.

Question

Quizplus · Accepted Answer

Recording the building depreciation involves crediting the accumulated depreciation (a contra-asset account) and debiting depreciation expense.

Which of the Following Would Cause a Contra-Asset to Be