JOB COSTING
It is used to maintain the accounts of a particular Job work undertaken.
COMPANY NAME: Job Costing & Co.
FINANCIAL YEAR : 2017-18
ACTIVATION:
F11: Features
Accounting Features
Maintain Cost
Centers = Yes
Use Cost Center for Job Costing = Yes --> Accept
While
Ledger creation, Cost Center is applicable? = Yes
EXERCISE:
Opening Cash : Rs.2,00,000
Openng stock, Cement : 100 Bags at Rs.350 each
02.04.2017 Purchases made from PSP Agencies as follows: Bricks : 1,00,000 at
Rs.10 each Cement : 2,000 at Rs.350 each; Steel : 1,000 kg at Rs.200 each
01.05.2017 90,000 bricks transferred to the site for construction.
01.06.2017 1,800 cement bags transferred to the site for construction. 900
kg steel transferred to the site for construction.
01.07.2017 Wages paid
Rs.1,00,000.
01.08.2017 Salary paid Rs.40,000.
02.08.2017 Constructed house sold for Rs.25 lacs.
02.08.2017 Materials tranferred
to Chennai as given below: Bricks : 5,000 nos Cement : 150 bags Steel : 80
kgs.
NOTE:
Create a Voucher Class for materials transferred for
Consumption
Post the materials details on Consumption side in Stock
Journal
Use Accounting Invoice for sale of house.
Job Name : House
Constructiion
HOW TO VIEW JOB COSTING REPORT?
Gateway of Tally --> Display --> Statements of Accounts --> Job Work Analysis
OUTPUT:
Opening Stock = Opening stock
at Kovai
Inwards = Purchases
Outwards = Materials transferred from
Kovai to Chennai
Closing Stock = Materials in Kovai.
