ANY ONE HAVE IDEA HOW TO IMPLEMENT NEW COST ACCOUNTING RECORDS RULES AND KIND OF RECORDS TO MAINTAIN.???????
IF SOMEONE HAVE FORMAT OF RECORDS TO BE MAINTAIN THEN PLEASE UPLOAD THE FILES...........
CA Anil Soni (Asst. Manager) (201 Points)
13 September 2012ANY ONE HAVE IDEA HOW TO IMPLEMENT NEW COST ACCOUNTING RECORDS RULES AND KIND OF RECORDS TO MAINTAIN.???????
IF SOMEONE HAVE FORMAT OF RECORDS TO BE MAINTAIN THEN PLEASE UPLOAD THE FILES...........
Rahul Jain
(Rahul Jain & Associates. (Cost Accountants))
(795 Points)
Replied 15 September 2012
Dear Anil,
There are no standard formatats of Cost Accounting REcords.... It depends on Industry to industty..... and from product to product.....
Basically if U are able to calculate ur cost per unit following Cost Accounting Standards ur cost records are said to be complete plus recocilation b/w ur cost profit and finance profit.
Thanks
CMA Rahul Jain
E Mail :- rahuljain @ jmsandco.in
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