A cost Centre is units of an organization to which transaction can be allocated. Cost Centre are the most flexible tools for management information system, which allows a analysis of financial information.
Gateway of Tally->Masters->Create->Cost Category (or) Cost Centre
Gateway of Tally->Masters->Create->Show More->Cost Category (or) Cost Centre
1.Gateway of Tally->Masters->Create->Cost Category
2.Enter the name
3.Set the option Allocate Revenue Items toYesto allocate all sales, purchase, expanses and income->related transaction to cost Centres created under this cost category
4.Set the option Allocate No-Revenue Items to Yes to allocate transaction related to capital account and other non-revenue accounts to cost Centres created under this cost category
1.Gateway of Tally->Masters->Create->Cost Centre
2.Select the Cost Category
3.Enter name
4.Select the Cost Centre Under which the Cost Centre has to be grouped
5.Enter the Cost Centre
1.Gateway of Tally->Masters->Create->Cost Centre
2.Select the Cost Category
3.Enter name
4.Select the Cost Centre Under which the Cost Centre has to be grouped
5.Enter the Cost Centre
1.Gateway of Tally->Masters->Create->Cost Centre
2.Select the Cost Category
3.Enter name
4.Select the Cost Centre Under which the Cost Centre has to be grouped
5.Enter the Cost Centre
1.Go to Gateway of Tally->Transaction->Vouchers
2.Select Receipt Voucher Click (F6)
Voucher->Alt+C Click->To Create Ledger->Enter
1.The Cost Centre Allocations screen appears as shown:
The Following Would Be Recording In Journal Using Double Entry System. Do The Posting Process from Journal Entries and Prepare the Trial Balance, Trading A/C, Profit & Loss A/C and Balance Sheet and cost canter In The Books Of M/S. TUTOR JOES COMPUTER EDUCATION Ltd for the following year 2020 to 2021.
SBI bank | 800000 |
Cash in hand | 100000 |
Furniture | 200000 |
Building advance | 150000 |
Computer | 500000 |
Stock in hand | 150000 |
Software deposit | 10000 |
Capital | 1000000 |
O/S building rent | 20000 |
O/S salary | 80000 |
Loan from bank | 700000 |
Sundry Creditors M/s. Hindustan Computer ltd Rs.150000 bill no:2112 (25days) M/s. Pavai books & note Printers Rs.50000 bill no: 2209 (25 Days) |
Application fee: |
Computer application |
Entrance application |
Course fee: |
DCA: |
Course fee (DCA) |
Course material (DCA) |
DCA forenoon |
DCA afternoon |
DCA w/k |
TALLY: |
Course fee (tally) |
Course material (tally) |
TALLY forenoon |
TALLY afternoon |
TALLY day time |
DTP: |
Course fee (DTP) |
Course material (DTP) |
DTP forenoon |
DTP afternoon |
DTP day time |
DIT: |
Course fee (DIT) |
Course material (DIT) |
DIT forenoon |
DIT afternoon |
DIT day time |
1. Course fee received for tally (f/n) Rs.22000 and tally (a/n) Rs.14000
2. Course fee received for tally (a/n) Rs.30000 and computer application for Rs.5000 by cheque
3. Course fee received for tally (day time) Rs.120000, DCA (w/k) Rs.75000 DTP (Day time) Rs.90000, DIT (Day time) Rs.110000 and summer offer for discount 2% for each course
4. Course fee received for DIT (f/n) Rs.15000 and DIT(day time) Rs.13000
5. Entrance application received Rs.10000
6. Course fee received for DTP (a/n) Rs.36000 and DTP(f/n) Rs.14500
7. Course fee for tally (a/n) refund Rs.5000
8. Course material to tally , DIT, and DTP purchased 50 copies @ Rs.5000, Rs.3000, Rs.1000 each
9. Amount paid to Ms. Hindustan ltd for Rs.75000 part settlement
10. Course fee for DIT(f/n) refund Rs.15000 and DCA (a/n) Rs.5000
11. Depreciation of furniture and fittings @ 10%
12. Computer stolen @ Rs.10000
13. Interest received from bank balance Rs.5000
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