Accumulated amortization is found on the:
A)trial balance credit column and income statement debit column of a worksheet.
B)trial balance credit column, adjustments credit column, adjusted trial balance credit column, and balance sheet debit column of a worksheet.
C)trial balance credit column, adjustments credit column, adjusted trial balance credit column, and balance sheet credit column of a worksheet.
D)trial balance debit column, adjustments debit column, adjusted trial balance credit column, and income statement credit column of a worksheet.

Question

Quizplus · Accepted Answer

Accumulated amortization is a contra asset account, which means it appears on the credit side of the balance sheet to reduce the value of the asset it is associated with. It would appear on the credit side in the trial balance, adjustments, and adjusted trial balance. Since it reduces the value of an asset, it is correctly placed on the credit side of the balance sheet in the worksheet.

Accumulated Amortization Is Found on The