Depreciation Accounting & Methods of depreciation

This course enables to understand basic concept of Depreciation on Fixed assets. It covers the various methods of calculating depreciation - Straight Line Method (SLM), Reducing Balance Method (RBM)/ Written Down Value Method (WDV), Sum of Years Digit Method and Annuity Method and corresponding accounting treatment i.e Passing of Journal Entries and Posting of Journal Entries in respective Ledger accounts.

Requirements Basic understanding of Accounting, "Golden Rule of Accounting" i.e Concept of Journal Entries and Posting of Entries to ledger accounts Example :How to pass Journal Entries and How to post the Journal entries to Ledger