"Fixed Assets Entry in Tally" is a fundamental accounting process within the Tally software, specifically designed to manage and record fixed assets for businesses. Fixed assets are long-term assets like buildings, machinery, vehicles, or furniture that a company holds for productive use and are not intended for sale.
When adding a new fixed asset into the system, essential details such as asset name, purchase date, cost, useful life, depreciation method, and asset category are recorded.
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