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Account type for 'Accumulated Depreciation'

By
Henry Padi Nyaunu
on 4/16/13, 7:30 PM 2,114 views

What account type should I create for an account like 'Accumulated Depreciation' which is a credit account in the balance sheet under fixed assets?

1

michel Guénard

--michel Guénard--
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--michel Guénard--

VP operations & finance Social entrepreneur Certified Public Accountant Past Chief internal auditor

michel Guénard
On 4/16/13, 9:05 PM

Internal type should be set to "normal"

Account type should be set to "assets"

As per the standard chart of accounts that came with my installation on Saas mode

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Asked: 4/16/13, 7:30 PM
Seen: 2114 times
Last updated: 3/16/15, 8:10 AM