Question

Accumulated Depreciation is a (an) ------------------- account. The normal balance of this account is a -------------------.

Answer 1

Accumulated Depreciation is a (an)Contra asset account .The normal balance of this account is a credit Balance.
Explanation:
1	Accumulated Depreciation is a contra asset it means reduces a regular asset.For example Fixed Asset.
2	Gross Fixed asset less accumulated depreciation is the net fixed asset.
3	The normal balance of the account is a Credit balance.
4	Asset have a normal debit balance & accumulated depreciation have a normal credit balance.
5	Accumulated Depreciation should be a credit balance as it is a contra - asset account.
6	General entry is :
	Depreciation expenses a/c		debit
		Accumulated Depreciation a/c		credit