63. Assertion (A): The approach of cost accounting is much narrower than that of management accounting. Reason (R): Cost accounting is mostly historical in nature and management accounting is futuristic in its approach.
CS Executive · Cost and Management Accounting · PYQS · June 2021
63. Assertion (A): The approach of cost accounting is much narrower than that of management accounting. Reason (R): Cost accounting is mostly historical in nature and management accounting is futuristic in its approach.
Answer & Explanation:
Correct Answer: Option (C)
Official answer key: (C).
Topics: Introduction to Management Accounting
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