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Unit 9: Cost Accounting Records

statements to indicate the costs of different components or sub-assemblies and then Notes
also show the cost of final assembly.
The broad points covered by the respective Cost Accounting Records Rules for different industries
are almost identical. For specific requirements of each industry, the relevant cost accounting
record rules should be referred together with amendments made from time to time. The general
provisions regarding short title, commencement, application, maintenance of records etc. are as
follows:

9.3.1 Short Title and Commencement

These rules may be called Cost Accounting Records (Name of the Product) Rules. XXXX (Year of
notification)
They shall come into force on the date of publication in the official gazette.

9.3.2 Application Clauses under Respective Cost Accounting Records
Rules

The application clause as contained under respective cost accounting records rules is produced
as under:

1. Cement: These rules shall apply to every company engaged in the production or
manufacture of Clinker or Cement or both.
2. Cycles: They shall apply to every company engaged in the production or manufacture of
cycles and components thereof excepting those companies falling under the category of
small scale industrial undertakings.
3. Tyres & Tubes: They shall apply to every company engaged in the production or manufacture
of rubber tyres and tubes or both for all types of vehicles. Except those companies falling
under the category of small scale industrial units.
4. Air-Conditioners: They shall apply to every company engaged in the production or
manufacturer of air conditioning system or device by which air is controlled for the
fulfilment of required condition of the confined space through controlling temperature,
humidity, air purity and air motion for human comforts excepting those companies falling
under the category of small scale industrial units.
5. Refrigerators: They shall apply to every company engaged in the production or
manufacture of refrigerators in any form excepting those companies falling under the
category of small-scale industrial undertaking.
6. Batteries other than Dry Cell Batteries: They shall apply to every company engaged in the
production or manufacturing of Batteries of all types other than Dry Cell Batteries excepting
those companies falling under the category of “small scale industrial units.”

7. Electric Lamps: They shall apply to every company engaged in the manufacture of electric
lamps of all types excepting those companies falling under the category of “small scale
industrial units.”

8. Electric Fans: They shall apply to every company engaged in the production and
manufacture of any type of Electrical Fans excepting those companies falling under the
category of small scale industrial undertakings.
9. Electric Motors: They shall apply to every company engaged in the manufacture of any
type of electric motor excepting those companies falling under the category of “small
scale industrial units.”

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