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of <h1>2011 Rules Demand Companies Keep Detailed Cost Records, Submit Compliance Report with Certified Cost Accountant's Signature and Membership.</h1> The Companies (Cost Accounting Records) Rules, 2011 mandate companies to maintain detailed cost records and submit a compliance report. The report includes general information about the company, quantitative data on production, sales, and income from various product and service groups, and trading activities. It requires a reconciliation statement to compare profit or loss as per cost accounts with financial accounts, considering additional incomes, expenses, and stock valuation differences. The report must adhere to specific nomenclature as per relevant laws and be signed by a certified cost accountant with their membership details.
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