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"Lab Practice" on 'Job Costing' @ Tally.ERP 9

Practical Example with Company Setup : Job Costing

 

1- Enabling Job Costing

 

2- Creating Jobs as Job Cost Centers

 

3- Creating Ledgers for Job Costing

 

4- Creating Godowns dedicated to Jobs

 

5- Creating Units of Measure

 

6- Creating Stock Item

 

7- Creating Voucher Type with Voucher Class

In Tally.ERP 9, stock journals are used for the following purposes:

  • To record the stages in the manufacturing process.
  • To record the transfer of materials between godowns.
  • To record the consumption of materials for Job Costing.

    Create one new Voucher Type and two Voucher Classes to deal with the scenarios in a manufac- turing as well as non-manufacturing environment.
 

8- Creating Receipt Note

On  1-4-2016,  Swayam Computer Zone,  placed  an  order  with  NeXT Computers  for  the following items :

 

Name of Item

Quantity

Rate per Unit

Value

Mother Boards

12

3,000

36,000

Hard Disk

12

4,500

54,000

Mointors

22

7,500

1,65,000

CPU

22

2,750

60,500

Keyboard

27

725

19,575

Mouse

27

250

6,750

 

 

9- Creating Purchase Invoice

On 2-4-2016, received a purchase bill from NeXT Computers for the supply booked.
 

10- Creating Transfer Journal

Swayam Computer Zone has employed Raj and Archana. The following components have been issued to them on 4-4-2016 for the upgrading job.

 

 

Details of Stock issued to Raj :

 

Name of Item

Godown

Quantity

Rate

Value

Mother Boards

Stores

6

3,000

18,000

Hard Disk

Stores

6

4,500

27,000

 

 

Details of Stock issued to Archana :

 

Name of Item

Godown

Quantity

Rate

Value

Mother Boards

Stores

6

3,000

18,000

Hard Disk

Stores

6

4,500

27,000

 

11- Creating Consumption Journal

On 5-4-2016, Raj and Archana found that 8 Systems needed a replacement of Mother Boards and Hard Disk. The respective consumption has to be recorded as a job cost.

 

 

Name of the Item

Godown

Quantity

Rate

Value

Mother Boards

Raj

4

3,000

12,000

Mother Boards

Archana

4

3,000

12,000

Hard Disk

Raj

4

1,000

4,000

Hard Disk

Archana

4

1,000

4,000

 

 

12- Creating Payment Voucher

On 6-4-2016, Swayam Computer Zone made a cash payment of Rs. 31,250 as Service Charges and Rs.  20,000 as Travel Expenses, collectively to Raj and Archana. The costs were assigned to Upgrading Job.
 

13- Creating Sales Invoice

On 6-4-2016, Raj and Archana successfully completed the upgrading job at EssBee Solutions. Swayam Computer Zone raised an invoice on 6-4-2016 for the upgrading job.
 

14- Creating Stock Journal for Returns of Materials

On 6-4-2016, Raj and Archana return the remaining components to the stores having completed the job.

 

Name of the Item

Godown

Quantity

Rate

Amount

Mother Boards

Raj

2

3,000

6,000

Hard Disk

Raj

2

4,500

9,000

Mother Boards

Archana

2

3,000

6,000

Hard Disk

Archana

2

4,500

9,000

 

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15 Chapters in Tally.ERP9 Book + 21 Chapters in GST Practical Assignment on GST in Tally.ERP9 & All features are described with Practical Problems with Solutions.

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