Assignment-1

Create Company Your full Name Set Financial Year 2024-25

Cost Category= Departments,
Cost center =Paper Dept, Stationery Dept
Opening Balance
Cash 100,000/-, Capital 100,000/-
Set budget for Advertisement Expenses Rs 60,000/- for whole year

1. Purchased Goods of Rs 10,000 in Cash

Paper Dept 4000/-, Stationery Dept 6000/-
2. Purchased Air-conditioned of Rs 15,000 in Cash
Paper Dept
3. Sold Goods to Mr Bharat of Rs 7,000 in Cash
Paper Dept 2000/-, Stationery Dept 5000/-
4. Opened Bank Account with cash Rs 10,000/- in ICICI Bank
5. Paid Advertisement Expenses by Cheque Rs 6000/- Stationery Dept
6. Paid Telephone Charges Rs 2000/-in cash
Stationery Dept 1500, Paper Dept 500/-
7. Purchased Goods of Rs 20,000 on Credit from M/S Sonal Treading Co.
Paper Dept 8000/-, Stationery Dept. 12000 /-
8. Sold Goods of Rs 6000/- in Cash
Paper Dept
9. Paid Salary Rs 5000/-by Cash Stationery Dept
10.Received Commission for Stationery Dept. Rs 500/- in cash

a. Show Cost Center Breakup Report & determine which Department has
more Profit

Tally =180000/-