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Accumulated Depreciation

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(Querist)
28 January 2011 In tally what is the head of account for Accumulated Depreciation. it is Current liability?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
28 January 2011 It can not be said as a current liability.
You may open this a/c under the head Fixed Assets itself so as to see the correct WDV of the Fixed Assets.
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Thrissurkkaran Ishtan

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Thrissurkkaran Ishtan (Expert)
29 January 2011 Agreed with the expert
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SHIRAS

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SHIRAS (Querist)
29 January 2011 Thank you very much sir
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Surrender

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Surrender (Expert)
30 January 2011 Bafna 2 Shiras = satisfaction
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