ledger

you will creat fixed assets block & depreciation block in the p&l A/c so when you will pass journal entry automatically pass the entry

In my view,

While purchasing the fixed asset, you may pass a purchase entry in voucher mode[In F12 configuration: set Yes "Allow Expenses/Fixed Assets in Purchase entry"]

Dr Fixed Asset [under Fixed Assets group]
Cr Supplier

At the time of depreciation pass a journal entry

Dr Depreciation a/c[under indirect expenses]
Cr Fixed Asset

Once the above entries are passed, the net value of Fixed asset will be shown in the ledger master and in the final accounts

Hi..guest,

This type of display in the balance sheet cannot be done with Tally.

Generally, Provision for depreciation account is created under Fixed Assets with Credit Balance.

So, when the Fixed Assets is shown in balance sheet it is netted off...

Regards,

guru