Provision for Depreciation in Tally Prime | SLM & Accumulated Depreciation Entries

Learn how to record Provision for Depreciation in Tally Prime with this practical Hindi tutorial. In this video, we explain the concept of Provision for Depreciation, why depreciation is important in accounting, the Accumulated Depreciation approach, and the Straight Line Method (SLM). We also demonstrate the step-by-step accounting entries in Tally Prime using a practical example. The video also explains depreciation in the context of the Companies Act, 2013 and Schedule II, including the concept of useful life and depreciation accounting. Schedule II provides the framework for useful lives and depreciable amounts, while the applicable accounting requirements determine how depreciation is measured and presented. 👉 What You’ll Learn: 📘 What is Provision for Depreciation? Understand the meaning of Provision for Depreciation and its role in accounting. 📊 Why is Depreciation Important? Understand why depreciation is recorded and how it affects the financial statements. 📉 What is Accumulated Depreciation? Learn how accumulated depreciation is maintained and how it relates to the original cost and carrying amount of an asset. 📐 What is the SLM Method? Understand the Straight Line Method of depreciation with a practical accounting example. 🧾 Step-by-Step Accounting Entries in Tally Prime Learn how to create the required ledgers and record depreciation entries practically in Tally Prime. 🏢 Companies Act 2013 Context Understand the relevant depreciation concepts under Schedule II of the Companies Act, 2013. 👉 This Video Covers: • What is Provision for Depreciation? • Importance of Depreciation in Accounting • Accumulated Depreciation Method • SLM Method of Depreciation • Depreciation Accounting • Depreciation Journal Entry in Tally Prime • Provision for Depreciation Entry in Tally Prime • Step-by-Step Tally Prime Practical • Companies Act 2013 and Depreciation • Schedule II Depreciation Concepts 🎯 Who Should Watch This Video? • Tally Prime Students • Accounting Students • Accountants • Commerce Students • Job Seekers • Business Owners • Anyone learning practical accounting in Tally Prime 🎓 TALLY PRIME FOUNDATION COURSE Want to learn Tally Prime from basic accounting to practical business transactions? Join our TALLY PRIME FOUNDATION COURSE and learn Tally Prime step-by-step through practical examples. 👉 https://learn.tallyprimetraining.com/... 👍 Like the video 💬 Comment your questions 🔔 Subscribe for more practical Tally Prime, Accounting and GST tutorials. #tallyprime #depreciation #depreciationaccounting #accountingtutorial #tallytutorial #companiesact2013 #careerplanet #computereducation 📚 Join this channel to get access to the perks:    / @careerp   👉Tally Prime Course- Step by-Step Video-    • Tally Prime - Basic to Advanced Level Cour...   👉 Full Tally GST Accounting Hindi Video Tutorial Course – https://goo.gl/CVNJtw 👉 Basic to Advanced Level Tally Accounting Course - https://goo.gl/bNz6DZ 👉Learn Basic Computers in Hindi-    • Learn Basic Computer in Hindi Basic to Adv...   🔔 Stay Connected: 💡 Download Tally GST Course App https://play.google.com/store/apps/de... 👨‍🏫 Visit Our Website: https://cpitudaipur.com/ 👉 Visit Our Blog: https://cpitudaipur.blogspot.com/ 📺 Like Our Facebook Page:   / cpitudr   🌐 Follow us on Instagram-   / career_planet