Which answer?

11. The accumulated depreciation account is classified as a (n): a. liability with a credit balance b. asset with a credit balance c. contra-asset with a credit balance d. contra-asset with a debit balance The matching principle of accounting requires that a. expenses be recorded in the accounting period in which they are incurr b. adjusting entries be made at the end of an accounting period c. the total of the debits equal the total of the credits d. the total revenues equal total expenses 12