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what is cost center option in tally what purpose it is used?
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Answer Posted / libin kulamuttom
cost centres and cost catogory provides you varous means to allocate the amount of voucher of selected accounts,in your own way.
Normally cost centres are used to allocate revenue accounts.for eg:paid salary to Libin( an employee) in Sale Dept.Here we can create the name of the employee as centre & name of the Dept.as catogory.By doing so we can easly identify the cost of varous depts.seperately.
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Hi,Friends, I have a simple question in my mind that I have one head office that in faridabad and other branch in delhi,i purchase material in delhi for availing the tax benefit in delhi then i transfer the same material to head office(faribabad) agianst "F" form,i purchased material in delhi basic price rs. 5 +.42 taxes it comes rs. 5.42/-,my question is on which amount i should transfer the material from delhi to faridabad i.e 5,5.42 or 5 + freight(if any).kindly please solve my problem.
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