Assertion (A): Management accounting can be defined as processing and presenting of accounting, cost accounting and other economic data. Reason (R): It is analysis of all the transactions, financial and physical, to enab

CS Executive · Cost and Management Accounting · PYQS · June 2018
Assertion (A): Management accounting can be defined as processing and presenting of accounting, cost accounting and other economic data. Reason (R): It is analysis of all the transactions, financial and physical, to enable effective comparison to be made between the forecasts and actual performance. Select the correct answer from the options given below:
(A) Both A and R are true and R is the correct explanation of A
(B) Both A and R are true but R is not the correct explanation of A
(C) A is true but R is false
(D) A is false but R is true

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost and Management Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic