Maintenance of records

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..... ication, keep cost records and the books of account so maintained shall contain, inter‐alia, the particulars specified in Proformae A to I mentioned in the Schedule annexed to these rules. (2) The cost records referred to in sub‐rule (1) shall be kept on regular basis in such manner so as to make it possible to calculate per unit cost of production or cost of operations, cost .....

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..... (5) All such cost records and cost statements, maintained under these rules shall be reconciled with the audited financial statements for the financial year specifically indicating expenses or incomes not considered in the cost records or statements so as to ensure accuracy and to reconcile the profit of all product groups with the overall profit of the company and the variations, if any .....

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