What Type of Account Is Accumulated Depreciation

question 122

Multiple Choice

What type of account is Accumulated Depreciation?

• A) contra-equity
• B) contra-asset
• C) expense
• D) asset

Comprehend the flexibility and control provided by various report views in Access.

Recognize the importance and utility of markup languages like XML in data sharing.

Identify the main report in nested reporting scenarios.

Understand the concept and application of templates in creating Access objects like forms and tables.

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Definitions:

Making Decisions

The process of selecting a course of action from several alternatives to achieve a specific objective.

Management Accounting Responses

The actions or strategies that management accounting suggests or implements in response to financial analyses or business challenges.

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The exchange of goods and services, or the transfer of money or information, across an electronic network, mainly the internet.

Management Accountant

A professional responsible for analyzing financial information to guide business strategy, planning, and decision-making.