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Cost Center Exercise

The document provides practical exercises for Tally, focusing on cost centre creation and expense allocation. It includes instructions for creating ledgers for recharge expenses and salaries, as well as detailing transactions for a fashion store with separate departments. Additionally, it outlines various financial activities such as purchases, sales, and fixed charges allocation between departments.

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361 views2 pages

Cost Center Exercise

The document provides practical exercises for Tally, focusing on cost centre creation and expense allocation. It includes instructions for creating ledgers for recharge expenses and salaries, as well as detailing transactions for a fashion store with separate departments. Additionally, it outlines various financial activities such as purchases, sales, and fixed charges allocation between departments.

Uploaded by

renu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Singhania Institute of Technology

Tally Notes

Cost centre Practical Exercise:-

The cost centre is an organizational unit to which costs or expenses can be


allocated during recording of transactions in Tally.

Ledger Name Under


Recharge Indirect Expenses
Create the Cost centre given as following:-

Cost Centre Name Under


Mobile Recharge Primary
DTH Recharge Primary
8786456105 Mobile Recharge
7892561205 Mobile Recharge
7411089605 Mobile Recharge
050254895705 DTH Recharge
121472789105 DTH Recharge
7252367891205 DTH Recharge
Recharge expenses paid as following:-

Particulars Amount
Recharge 12000
8786456105 1000
7892561205 1000
7411089605 4000
050254895705 2000
121472789105 1000
725236789120 3000
5

2. Make a Salary Ledger under indirect Expenses. Create following cost centres under
Primary:-

a) Admin

b) Purchase

c) Sales

Create following cost centres under above centres:-

Cost Center Under


Mohan Lal Admin
Alam Khan Admin
Bhushan Admin
Afroz Admin
Singhania Institute of Technology
Tally Notes

Manish Purchase
Yash Raj Purchase
Ishu Purchase
Askhi Purchase
Anil Store
Sarita Store
Shubham Store
Komal Store
Paid Salary : 190000

Cost center Amount


Mohan Lal 25000
Alam Khan 22000
Bhushan 20000
Afroz 15000
Manish 12000
Yash Raj 16000
Ishu 14000
Askhi 10000
Anil 15000
Sarita 16000
Shubham 15000
Komal 10000

3.) M/S Ganesh fashion stores has two different departments:-

a) Gents Department b) Ladies Department

Electricity charges, Rent, Salaries are fixed 50% to the both departments.

Opening Balance:- a) Cash- 100000/- b) Bank- 100000/-

1.) Purchased goods of 20000/- in cash for Gents dept 8000/- and for Ladies dept. 12000/-

2) Sold goods in cash 25000/-; Gents-10000/-, Ladies dept- 15000/-

3) Purchased machinery by Gents dept. for cash 5000/-

4) Deposited 25000/- in SBI Bank a/c.

5.) Received commission in Gents dept 6000/-

6. Paid Charges: Electricity charges 10000/-

Rent 20000/-

Salaries 25000/-

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