Principle of Exception - Management Accounting
Q. The principle of exception with respect to reporting suggests that- Published on 08 Sep 15a. Information presented should cover only those matters which are not under control of the user of the report
b. Concentration should be on trivial data
c. The volume of data and report are considerably reduced to the bare minimum
d. None of the above
ANSWER: The volume of data and report are considerably reduced to the bare minimum