What Entries Should Be Made in the Extended Trial Balance

question 1

Multiple Choice

What entries should be made in the extended trial balance in respect of depreciation and amortisation?

• A) None
• B) Debit the income statement and credit the asset account
• C) Debit the income statement and credit the accumulated depreciation account
• D) Credit the income statement and debit the asset account
• E) Credit the income statement and debit the accumulated depreciation account

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Definitions:

Vitreous Chamber

The large space inside the eye, filled with vitreous humor, that helps maintain its shape and supports the retina.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the diameter of the pupil and thus the amount of light reaching the retina.

Choroid

A layer of the eye between the retina and the sclera, rich in blood vessels, providing oxygen and nourishment to the outer layers of the retina.

Lens

A transparent structure in the eye that focuses light rays onto the retina, enabling clear vision.