Calculating depreciation and passing depreciation entries in Tally

In this video, we’ll walk you through the step-by-step process of calculating depreciation and passing depreciation entries in Tally for your assets, like machinery and equipment. 📉

🔹 What is Depreciation?
Depreciation helps reduce the value of an asset over time due to usage, wear, and tear. It's essential for accurate financial reporting and tax planning.

🔹 Why is Depreciation Important?
Accurate Asset Value – Reflect the true worth of your asset in the Balance Sheet.
Tax Benefits – Depreciation reduces taxable profits, leading to potential tax savings.
Profit & Loss Impact – Reducing asset value also affects the Profit & Loss Statement by adding to the expenses.

🔹 How to Pass Depreciation Entries in Tally:
We will show you how to record the depreciation in Tally and adjust the asset value for accurate year-end closing. It’s a critical part of your financial year-end process!

👉 Watch the video till the end to master the depreciation entry process in Tally!
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Видео Calculating depreciation and passing depreciation entries in Tally канала Rishi Tax Wizard