we have made cost sheet based on our findings from the school, all the figures in the cost sheet are estimated(assumed).

1. BY LT 04
SURAJ KUMAR
RUSHALI SINGH
SAUMYA TRIPATHI
AJAY KUMAR SONI
VIBHU VASHISTA
TANYA CHAUDHARY
MANAGEMENT COST
ACCOUNTING

2. SPRING DALE
SCHOOL

3. INTRODUCTION
 The school was established in the year 1970
 The founder of the school was Shri B. S.
Sood.
 Spring Dale Institution is affiliated to Council
for the Indian School Certificate Examination,
New Delhi (ICSE & ISC).
 Its an English medium school and conduct
Class Nursery to Class XII.
 It has 3 branches in lucknow i.e. Gomti nagar,
Indira nagar and Kanpur road

4. PROBLEM FACED
 Keeping records of student fees as
different fee is charged from different
classes and students.
 Payment details of the school staff as there
is different salary, perquites for individual.
 Government intervention like change in
school timings, winter holidays, rise in pay
etc.
 Changes in the method of teaching
methods like use of new technology.

5. Ways to overcome
 School have started having tie up with
banks for the fee collection and for
making payments.
 Use of various accounting software are
used to maintain records.
 Regular training is provided to the
teaching and office staff.
 School keep on updating their working
system to meet government norms.

6. Expenditures
 Salary of teaching staff, administration
staff.
 Maintaince and up gradation of school
labs like science, computer, sports etc.
 Training and development session for
school staff and students.
 Organising of various events like school
fest, sports day, Annual day etc.

7. Sources of income
 Fees and penalties from the students.
 Government grants
 Contract to third party for school
cafeteria, stationary houses, parking lots
etc
 Donations
 Sponsorships
 Other miscellaneous sources

8. PARTICULAR CALCULATION AMOUNT(YEARLY)
SALARY OF TEACHING STAFF
PRIMARY 10 TEACHERS @RS 10000 PER MONTH EACH 1200000
JUNIOR 30 TEACHER @ RS 20000 PER MONTH EACH 7200000
SENIOR 20 TEACHERS @RS 30000 PER MONTH EACH 7200000
SALARY OF MAINTAINCE STAFF 10 STAFF @ RS 6000 PER MONTH 720000
SALARY OF OFFICE STAFF 10 STAFF @ RS 15000 PER MONTH 1800000
CONSUMABLE STORES(DIARY,ID CARDS) 200000
STATIONARY(EXAMINATION COPY) 20000
SPORTS AND LIBRARY 10000
ACTIVITY EXPENSE 5000
COMPUTER LABS AND VISUAL AIDS 10000
SCIENCE LABS 10000
ELECTRICITY BILL 120000
WATER BILL 5000
MAINTAINCE EXPENSES 10000
MEDICAL EXPENSES 5000
AWARDS AND SCOLARSHIP 200000
CAREER COUNSELLING EXPENSES 10000
OTHER EXPENSES 10000
COMMERCIAL TAXES 25000
COST 18760000
PROFIT 2000000
TOTAL COST 20760000
NO.OF STUDENT 2000
COST PER STUDENT PER MONTH 865
STATEMENT OF OPERATING COST