Cost accounting records rules for previous years
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2011
Sir,
If a company has not prepared Cost records earlier, is it mandatory to provide previous period's record as well ? ( CARR generally requires comparison with previous year also.)Also let me know, previous one year or two years ?
If a company has not prepared Cost records earlier, is it mandatory to provide previous period's record as well ? ( CARR generally requires comparison with previous year also.)Also let me know, previous one year or two years ?
29 August 2011
In case of cost account if you have not prepare record previously still you have to give comparative figures for last 2 years.
30 August 2011
The expert is right and I will go with him
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