M.O.
P VAISHANV COLLEGE FOR WOMEN (AUTONOMOUS)
CHENNAI – 600 034
ELEMENTS OF COST ACCOUNTING – PRACTICAL
RECORD WORK
NAME OF THE STUDENT DESHNA B
REGISTER NUMBER 2213721045013
CLASS III - B.Com (Marketing Management)
B.COM MARKETING MANAGEMENT
DEPARTMENT OF COMMERCE
M.O.P. VAISHNAV COLLEGE FOR WOMEN (AUTONOMOUS)
NO.20, IV LANE, NUNGAMBAKKAM HIGH ROAD, NUNGAMBAKKAM
CHENNAI – 600 034
2024 - 2025
OCTOBER, 2024
BONAFIDE CERTIFICATE
DEPARTMENT OF COMMERCE
B.Com (Marketing Management)
This is to certify that DESHNA B, having 2213721045013 as the register number, is a
bonafide student of M.O.P. Vaishnav College for Women (Autonomous), Chennai – 600
034. She has completed the Elements of Cost Accounting - Practical and maintained proper
records during the academic year 2024–2025.
Date:
Signature of the Student Dr. Nisha U
Programme Head
B.Com (Marketing Management)
Faculty Instructors / Internal Examiners External Examiner
Ms. Afia M Name
Assistant Professor
B.Com (Marketing Management)
Signature
Ms. Nisha M
Assistant Professor
B.Com (Marketing Management)
INDEX
S. NO. TITLE PAGE NO.
1-5
1 S.V.S TRADERS LTD
6-9
2 SUG TRADERS LTD
10-14
3 SRS TRADERS LTD
15-19
4 FSM TRADERS LTD
20-23
5 HIG TRADERS LTD
24-27
6 SKL TRADERS LTD
28-32
7 PKS TRADERS LTD
33-36
8 X COMPANY LTD
37-39
9 ABC COMPANY LTD
40-41
10 XYZ COMPANY LTD
S.V.S TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type S.V.S Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Shares Capital Account 1,50,000
7% Debentures Loan 1,00,000
Profit & Loss a/c To be altered 55,000
General Revenue Reserves and Surplus 15,000
Capital Reserve Reserves and Surplus 20,000
Sundry Creditors Sundry Creditors 10,000
Provision for Depreciation Provisions 15,000
Building Fixed Account 20,000
Land Fixed Account 1,10,000
Furniture Fixed Account 55,000
IDBI Investments Investment 45,000
Sundry Debtors Sundry Debtors 45,000
1
Cash To be Altered 22,500
Syndicate Bank Bank Account 30,000
Prepaid Insurance Current assets 2,500
Rent Outstanding Current Liability 10,000
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Chennai (under main location)
Name- Hyderabad (under main location)
3. STOCK CATEGORY
Name- Voice (under primary)
Name- Music (under primary)
4. STOCK GROUP
Name- Hardware
5. STOCK ITEM
Name- Speaker, Group- Hardware, Category- Voice, Godown- Chennai, Unit- Pcs
QUANTITY RATE VALUE
OPENING
15 2,000 30,000
BALANCE
Name- Handsfree, Group- Hardware, Category- Music, Godown- Hyderabad, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
5 1,000 5,000
BALANCE
2
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 3,75,000
Profit & Loss a/c- Rs. 35,000
Stock Summary- Rs. 35,000
3
BALANCE SHEET
PROFIT & LOSS ACCOUNT
4
STOCK SUMMARY
5
SUG TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type SUG Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Shares Capital Account 2,00,000
Capital Reserve Reserves and Surplus 50,000
Profit & Loss a/c To be altered 2,50,000
Unclaimed Dividend Current Liability 75,000
Buildings Fixed Assets 2,00,000
Machinery Fixed Assets 75,000
Patent rights Current Assets 30,000
Bills Receivables Current Assets 10,000
Cash To be Altered 75,000
Bank Bank Account 1,25,000
6
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Chennai (under main location)
Name- Bangalore (under main location)
3. STOCK CATEGORY
Name- RM (under primary)
Name- FG (under primary)
4. STOCK GROUP
Name- A
5. STOCK ITEM
Name- ABC567, Group- A, Category- RM, Godown- Chennai, Unit- Pcs
QUANTITY RATE VALUE
OPENING
40 1,000 40,000
BALANCE
Name- ABC568, Group- A, Category- FG, Godown- Bangalore, Unit- Pcs
QUANTITY RATE VALUE
OPENING
10 2,000 ,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 5,75,000
Profit & Loss a/c- Rs. 60,000
Stock Summary- Rs. 60,000
7
BALANCE SHEET
PROFIT & LOSS ACCOUNT
8
STOCK SUMMARY
9
SRS TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type SRS Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Shares Capital Account 5,00,000
Capital Reserve Reserves and Surplus 1,50,000
General Reserve Reserves and Surplus 50,000
Profit & Loss a/c To be altered 1,50,000
Subscription received Current Liability 80,000
advance
Creditors Sundry Creditors 75,000
Bank loan Loan 2,00,000
Outstanding rent Current Liability 6,000
Building Fixed Assets 1,70,000
Plant & machinery Fixed Assets 2,30,000
Furniture & fixture Fixed Assets 1,00,000
10
Sundry debtors Sundry Debtors 95,000
Bills receivable Current Assets 65,000
Cash in hand To be altered 60,000
Axis bank Bank account 65,000
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Lucknow (under main location)
Name- Patna (under main location)
Name- Agra (under main location)
Name- Delhi (under main location)
3. STOCK CATEGORY
Name- Household (under primary)
4. STOCK ITEM
Name- Samsung Washing Machine, Category- Household, Godown- Lucknow,
Unit- Pcs
QUANTITY RATE VALUE
OPENING
10 15,000 1,50,000
BALANCE
Name- Wet grinders, Category- Household, Godown- Patna, Unit- Pcs
QUANTITY RATE VALUE
OPENING
20 6,000 12,000
BALANCE
11
Name- Mixie, Category- Household, Godown- Agra, Unit- Pcs
QUANTITY RATE VALUE
OPENING
15 4,000 60,000
BALANCE
Name- Videocon Washing Machine, Category- Household, Godown- Delhi, Unit- Pcs
QUANTITY RATE VALUE
OPENING
8 12,000 96,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 12,11,000
Profit & Loss a/c- Rs. 4,26,000
Stock Summary- Rs. 4,26,000
12
BALANCE SHEET
PROFIT & LOSS ACCOUNT
13
STOCK SUMMARY
14
FSM TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type FSM Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
8% Preference Shares of Capital Account 2,00,000
Rs.100 each
9% Debentures Capital Account 4,00,000
Reserves Reserves and Surplus 3,00,000
Creditors- E LTD Sundry Creditors 1,50,000
Bank Overdraft Current Liability 5,000
Machinery Fixed Assets 5,00,000
Investment Investments 55,000
Debtors Sundry Debtors 2,00,000
Cash & Bank To be Altered 55,000
Prepaid Expenses Current Assets 5,000
15
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Bombay (under main location)
Name- Chennai (under main location)
3. STOCK CATEGORY
Name- Household (under primary)
Name- Luxury (under primary)
Name- Kitchenware (under primary)
4. STOCK GROUP
Name- Electricals
Name- Electronics
5. STOCK ITEM
Name- Iron box, Category- Household, Group- Electricals, Godown- Bombay, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
500 150 75,000
BALANCE
Name- Mixer, Category- Kitchenware, Group- Electricals, Godown- Chennai, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
100 450 45,000
BALANCE
16
Name- VCD, Category- Luxury, Group- Electronics, Godown- Bombay, Unit- Pcs
QUANTITY RATE VALUE
OPENING
200 100 20,000
BALANCE
Name- DVD, Category- Luxury, Group- Electronics, Godown- Chennai, Unit- Pcs
QUANTITY RATE VALUE
OPENING
50 400 20,000
BALANCE
Name- Home Theatre, Category- Luxury, Group- Electronics, Godown- Chennai,
Unit- Pcs
QUANTITY RATE VALUE
OPENING
20 4000 80,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 12,11,000
Profit & Loss a/c- Rs. 2,40,000
Stock Summary- Rs. 10,55,000
17
BALANCE SHEET
PROFIT & LOSS ACCOUNT
18
STOCK SUMMARY
19
HIG TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type HIG Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Shares Capital Account 2,00,000
Capital Reserve Reserves and Surplus 30,000
Profit & Loss To be Altered 1,50,000
Creditors Sundry Creditors 55,000
Building Fixed Assets 1,50,000
Land Fixed Assets 50,000
Machinery Fixed Assets 15,000
Patent Rights Current Assets 7,000
Debtors Sundry Debtors 18,000
Cash To be Altered 58,000
HSBC Bank Bank Account 49,000
Centurion Bank Bank Account 20,000
20
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Hyderabad (under main location)
Name- Chennai (under main location)
Name- Bangalore (under main location)
3. STOCK ITEM
Name- Television, Godown- Hyderabad, Chennai, Unit- Pcs
QUANTITY RATE VALUE
OPENING
10 5000 50,000
BALANCE
Name- Transister, Godown- Bangalore, Chennai, Unit- Pcs
QUANTITY RATE VALUE
OPENING
12 1500 18,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 4,35,000
Profit & Loss a/c- Rs. 68,000
Stock Summary- Rs. 68,000
21
BALANCE SHEET
PROFIT & LOSS ACCOUNT
22
STOCK SUMMARY
23
SKL TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type SKL Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Shares Capital Account 1,00,000
Debentures Capital Account 1,00,000
Capital Reserve Reserves and Surplus 50,000
Profit & Loss To be Altered 2,50,000
Creditors Sundry Creditors 75,000
Building Fixed Assets 1,00,000
Investments Investments 75,000
Machinery Fixed Assets 75,000
Patent Rights Current Assets 30,000
Debtors Sundry Debtors 10,000
Cash To be Altered 75,000
Accrued Interest Current Assets 25,000
24
HSBC Bank Bank Account 80,000
Centurion Bank Bank Account 45,000
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Kolkata (under main location)
Name- Howrah (under main location)
3. STOCK ITEM
Name- Filter68b, Godown- Kolkata, Unit- Pcs
QUANTITY RATE VALUE
OPENING
20 2000 40,000
BALANCE
Name- Filter53k, Godown- Howrah, Unit- Pcs
QUANTITY RATE VALUE
OPENING
8 2500 20,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 5,75,000
Profit & Loss a/c- Rs. 60,000
Stock Summary- Rs. 60,000
25
BALANCE SHEET
PROFIT & LOSS ACCOUT
26
STOCK SUMMARY
27
PKS TRADERS LTD
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type PKS Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Equity Capital Capital Account 1,50,000
Revenue Reserves Reserves and Surplus 30,000
8% Debentures Capital Account 20,000
Sundry Creditors Sundry Creditors 49,000
Fixed Assets Fixed Assets 1,62,000
Debtors Sundry Debtors 51,000
Bills Receivables Current Assets 2,000
Bank Current Assets 12,000
28
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Bangalore (under main location)
Name- Coimbatore (under main location)
3. STOCK CATEGORY
Name- Entertainment (under primary)
Name- Communication (under primary)
Name- Photo (under primary)
4. STOCK GROUP
Name- Equipment
Name- Phones
Name- Camera
5. STOCK ITEM
Name- LCD, Category- Entertainment, Group- Equipment, Godown- Banaglore,
Unit- Pcs
QUANTITY RATE VALUE
OPENING
50 100 5,000
BALANCE
Name- Mobile, Category- Communication, Group- Phones, Godown- Coimbatore,
Unit- Pcs
QUANTITY RATE VALUE
OPENING
15 1000 15,000
BALANCE
29
Name- Digital, Category- Photo, Group- Camera, Godown- Coimbatore, Unit- Pcs
QUANTITY RATE VALUE
OPENING
4 500 2,000
BALANCE
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Balance Sheet- Rs. 2,49,000
Profit & Loss a/c- Rs. 22,000
Stock Summary- Rs. 22,000
30
BALANCE SHEET
PROFIT & LOSS ACCOUNT
31
STOCK SUMMARY
32
X COMPANY LTD (Negative Stock Report)
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type X Company Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER
Sales Sales Account
Purchases Purchases Account
STEP 4: CREATION OF INVENTORY INFO
Go to gateway of Tally, Inventory Info, Create
1. UNITS OF MEASURE
Create, Units of Measure, Symbol (pcs), Full name (Pieces)
2. GODOWN
Name- Vizag (under main location)
Name- Kolkata (under main location)
Name- Chennai (under main location)
33
3. STOCK CATEGORY
Name- Household (under primary)
Name- Kitchenware (under primary)
Name- Luxury (under primary)
4. STOCK GROUP
Name- Electricals (under primary)
Name- Electronics (under primary)
5. STOCK ITEM
Name- Fridge, Group- Electricals, Category- Household, Godown- Vizag, Unit- Pcs
QUANTITY RATE VALUE
OPENING
50 100 5,000
BALANCE
Name- Blender, Group- Electricals, Category- Kitchenware, Godown- Kolkata, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
100 2,500 2,50,000
BALANCE
Name- Soundbar, Group- Electronics, Category- Luxury, Godown- Chennai, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
200 1250 2,50,000
BALANCE
Name- OTG, Group- Electronics, Category- Kitchenware, Godown- Chennai, Unit-
Pcs
QUANTITY RATE VALUE
OPENING
50 100 5,000
BALANCE
34
Name- Food Processor, Group- Electronics, Category- Luxury, Godown- Kolkata,
Unit- Pcs
QUANTITY RATE VALUE
OPENING
20 500 10,000
BALANCE
STEP 5: CREATION OF ACCOUNTING VOUCHERS
Gateway of Tally, Accounting Vouchers
1. Purchase: Cash- Fridge 50pcs @ Rs. 100 each
2. Sales: Cash- Blender 40pcs @ Rs. 2500 each
3. Sales: Cash- Fridge 110pcs @ Rs. 100 each
4. Purchase: Cash- Soundbar 50pcs @ Rs. 1250 each
OTG 100pcs @ Rs. 100 each
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Report
Stock Summary- Rs. 4,86,500
35
STOCK SUMMARY
36
ABC COMPANY LTD (Cash Flow Statement)
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type ABC Company Ltd, choose
accounts with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Cash Flow Features
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Customers Sundry Debtors 50,000
Supplies Sundry Creditors 20,00
Investors Investments 30,000
Rent Indirect Income 15,000
STEP 4: RECORD THE TRANSACTION
Go to gateway of Tally, Accounting Vouchers
Press F6- Receipt
Account- Cash,
PARTICULARS AMOUNT
Customers 50,000
Investors 30,000
Press F6- Payment
Account- Cash,
PARTICULARS AMOUNT
Supplies 20,000
Rent 15,000
37
STEP 5: TO VIEW OUTPUT
Go to Gateway of Tally- Display- Cash/Fund Flow
Stock Summary- Rs. 45,000
38
CASH FLOW STATEMENT
39
XYZ TRADERS LTD (Working Capital)
PROCEDURE:
STEP 1: CREATION OF THE COMPANY
Press F3, Company Info, Create Company, Type XYZ Traders Ltd, choose accounts
with inventory, Press Y
STEP 2: ALTERING THE FEATURES
Press F11
- Intergarted accounts with inventory yes
- Allow invoicing yes
- Enter purchase in invoice format yes
- Maintain stock categories yes
- Maintain multiple godown yes
STEP 3: LEDGER CREATION
Go to gateway of Tally, Accounting Info, Ledger Creation (single)
LEDGER UNDER AMOUNT
Opening Stock Capital Account 50,000
Purchases Purchases account 1,50,000
Sales Sales account 2,00,000
Closing Stock Current Assets 30,000
Creditors Current Liability 40,000
Debtors Sundry Assets 60,000
Bank Bank account 20,000
STEP 4: TO VIEW OUTPUT
Gateway of Tally- Ratio Analysis
Working Capital- Rs. 70,000
40
RATIO ANALYSIS
41
