Maintenance of records requires sugar industry companies to keep cost accounts enabling per unit cost calculation and reconciliation.

Companies covered by the Cost Accounting Records (Sugar Industry) Rules must maintain cost records and books of account containing particulars in Proformae A to I, kept regularly to allow per unit cost, cost of sales and margin calculations for each product or activity and following accepted cost accounting principles and Institute standards with deviations explained. Records must enable operational and cost control, be reconciled with audited financial statements identifying excluded items and reconciling product profits with overall profit, and be retained for not less than eight financial years or the company's existence where shorter.

---

---

---