How do you find out which sequence number was assigned recently by MySQL AUTO_INCREMENT?

Last_Insert_Id() MySQL function is used to find out which sequence number was assigned recently by AUTO_INCREMENT.

Example

mysql> Create table Employee(Id INT PRIMARY KEY NOT NULL AUTO_INCREMENT, Name Varchar(5));
Query OK, 0 rows affected (0.13 sec)

mysql> Insert into Employee(Name) Values('Harvinder');
Query OK, 1 row affected (0.06 sec)

mysql> Insert into Employee(Name) Values('Suresh');
Query OK, 1 row affected (0.07 sec)

mysql> Select* from Employee;
+----+---------+
| Id | Name    |
+----+---------+
| 1  |Harvinder|
| 2  | Suresh  |
+----+---------+
2 rows in set (0.00 sec)

mysql> Select Last_insert_id();
+------------------+
| Last_insert_id() |
+------------------+
|                2 |
+------------------+
1 row in set (0.00 sec)