Management Accounting information is used for which of the following distinctive purposes (A) Measurement (B) Control (C) Recording transactions (D) Alternative choices Choose the most appropriate answer from the options given below:?

(A), (B) and (C) only
(B), (C) and (D) only
(A), (B), and (D) only
(A) and (C) only

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 3 : (A), (B), and (D) only

The correct answer is (A), (B), and (D) only

Management Accounting:

The practise of providing financial resources and information to managers for decision-making is known as management accounting, also known as managerial accounting.
The only way management accounting differs from financial accounting is that it is solely used by the internal staff of the firm.
In this procedure, the company's management team receives financial reports and information from finance administration, including invoices and financial balance sheets.

Management accounting for managers within an organization is concerned with the provision and use of accounting information that provides them with a basis for making appropriate management decisions that will allow them to perform their management and control functions better.

It is intended for measurement, control and alternative selection.

Hence, option (c) is correct.

5 views Answered 2022-09-04 04:29

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