How to pass a depreciation entry to maintain a Gross Block?

How to pass a depreciation entry to maintain a Gross Block?

Step 1. Create a Ledger "Accumulated Depreciation of relevant Asset (E.g. Accumulated Depreciation of Computer) under

Login to ADDA -->> Admin --->> General Ledger-->>Chart Of Accounts-->>Asset.

Step 2. Create a Depreciation head under General Ledger-->>Chart Of Accounts-->>Expense.

Step 3. Pass a Journal Entry from General Ledger-->>Journal Ledger by Debiting the Depreciation Account and crediting the relevant Accumulated Fixed Asset Account.

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