KADG - T267 JV1 Adjustment Journal Entry(Depreciation) in TallyPrime for Final Accounts

Practical Accounting Project on Proprietorship Trading Business (T267 JV1)

In this Practical Accounting Project, We are learning Journal Entry in all type of Digital Accounting Software, but as the Time constrain and Indian Scenario, we have taken the example of TallyPrime entry with screenshot and references here.

So, anyone can do the same transactions, as refer in this page with TallyPrime, which is also similar or little bit different in screen look only, if you choose any other Accounting Software like Zoho books, QuickBooks, BUSY, Vyapar , Marg etc and many others. 

The Transaction Process, that are given step by step is almost same and perfect for Digital Accounting ecosystem.

Digital Books of Account using TallyPrime 

KA DIGITAL WORLD (KADG)

Transaction No.267(T267), Journal Voucher No.1(JV1) Entry in TallyPrime

Learning Objective from this Post :

• Journal Entry for Depreciation on Fixed Assets.

• Journal Voucher Entry for Depreciation on Fixed Assets using TallyPrime
  

Business Details with Address

Trade Name : KA DIGITAL WORLD

Financial Year 2025-26, Assessment Year 2026-27

Address : Bhubaneswar, Khurda, Odisha, India, PIN - 751001

Constitution/Style of Business : Proprietorship

Nature of Business : Retail and Wholesale Trading of Computer, parts and accessories.

GSTIN - 21ABDAC5162K1ZM

  Transaction No. 267  

Date : 31/03/2026

Depreciation charged on Fixed Assets.

Computer @40% p.a

Furniture & Fixture @ 10% p.a

Vehicle @ 15% p.a

 

Journal Entry :

Steps to enter in TallyPrime

On Gateway of Tally Screen,

Press 'V' or select and press 'Enter' on 'Vouchers' 

Press 'F7' or click on 'F7:Journal' for Journal Voucher Entry 

Press 'F2' or click on 'F2:Date' to enter Date of Voucher/Date of Transaction.

Create Ledger Account 'Depreciation' under group 'Indirect Expenses'  

Place Debit Ledger and Credit Ledger Accounts with amount as shown in the image below.

Press 'Ctrl+A' or 'Enter' or 'Y' to Accept/Save Voucher.

Now Voucher Entry for the above transaction is Complete.

 

To view and practice all transactions of this project in a proper sequence,

Click this page link : PRACTICAL PROJECTS