Tuesday, April 26, 2011

How to do Depriciation Entry in Tally

What is Depreciation :
Depreciation means the decline in value of assets. Entry of depreciation is done by accountant .

How to Pass Depreciation Entry :
  1. Select journal voucher . 
  2. Calculate correct amount of depreciation because it is on fixed asset 
  3. 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. 
  4. 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 . 
  5. you have know very what rules and regulation apply on Depreciation Calculation before passing the entry.

1 comment:

  1. Thanks to sharing article and nice services in your website.......


    Accounts Data Entry

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