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Answer Posted / raja
Depreciation Means decrease in the value of Asserts
For example, cars tend to depreciate over the course of
several years of ownership. Factors like wear and tear, the
conditions of the market, and age can all have an impact on
depreciation. Some assets grow more valuable or appreciate
over time, such as real estate.
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how to pass this entry in tally? Dear Sir, I have just started learning tally . I am practicing tally. and I am following 11th Std book for practicing. Please help me with the following entry. I know dr and cr part but having problem in grouping. Please Help. Introduced goods of Rs 10,000, cash Rs 15,000, furniture Rs 5000, debtors of Rs 1000 and commenced business. What will be the entry and group for each ledger. Please Help.
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