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Cost accounting records rules for previous years

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Querist : Anonymous

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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 ?
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VISHRUT

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VISHRUT (Expert)
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.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
30 August 2011 The expert is right and I will go with him
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