What is Depreciation :
Depreciation means the decline in value of assets. Entry of depreciation is done by accountant .
How to Pass Depreciation Entry :
Depreciation means the decline in value of assets. Entry of depreciation is done by accountant .
How to Pass Depreciation Entry :
- Select journal voucher .
- Calculate correct amount of depreciation because it is on fixed asset
- Be careful of total buy and sell of same fixed asset . If any asset buy before the end of half year , it will be charged full depreciation of year but if any fixed asset has bought after half year then depreciation will be charged on fixed asset only half of total.
- For this purpose any table which showing the detail of opening balance , buying ,selling and closing balance of fixed asset can be made in excel sheet .It will be helpful for passing depreciation entry .
- you have know very what rules and regulation apply on Depreciation Calculation before passing the entry.
Thanks to sharing article and nice services in your website.......
ReplyDeleteAccounts Data Entry