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Why the balance sheet does not show original cost and Depreciation for Fixed assets created manually

edited Oct 20, 2025 1:52PM in Ask A Guru 7 comments

Hi Everyone.

we have imported all their Fixed asset as on 30th Sep 2024 with Original cost and also their Depreciation history as well by creating an Asset.

But all these values such as Original cost and Depreciation for these assets is not showing in the Balance sheet . why so.

So we create an Journal entry to show this original cost and depreciation as well ?

Can anyone kindly confirm how to proceed with this.

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