How to make entry of depreciation in Tally ERP9?

Answer 1

Step1: Create Fixed Asset Ledger

Enter the Name of the Fixed Asset ledger.

Select the group Fixed Assets from the List of Groups.

Enter Opening Balance.

Sace

Step 2: Create Expense Ledger

Go to Gateway of Tally > Accounts Info. > Ledgers > Create

Enter the Name of the expense ledger "Depreciation"

Select the group Indirect Expenses from the List of Groups.

Accept to save.

Step 3: Pass Journal entry

Depreciation Dr xxxx

To Fixed Asset 1 xxx

To Fixed Asset 2 xxx