Gross block & accumulated depreciation in tally

This query is : Resolved

ABHICA (Querist)
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23 October 2012 Presently,fixed assets are appearing at WDV in tally.How to present the same using gross Block & accumulated depreciation under revised Sch VI in Tally.

CA. RAGHAV GARG

CA. RAGHAV GARG (Expert)
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24 October 2012 .not possible as per sch vi but u can create accom depreciation account undr group fixed assets it will resolve your problem

ABHICA

ABHICA (Querist)
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24 October 2012 thnx...same will result in Fixed assets reflecting as Gross block..( wdv+acc dep)
but how the accu dep will seperately appear,i.e.

Gross Block: 110
Acc Dep:10

net block: 100
under Tally,Sch VI,Bal Sheet..????

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Vivek Hebbar

Vivek Hebbar (Expert)
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24 October 2012 I believe, tally has come out with an upgrade for presentation under the Revised Schedule VI. You can try that.

Even the earlier version had presentation under the old schedule VI.