Responsibility Accounting - Definition, R.M. Bhandari

Q.  As per R.M. Bhandari, __________ is a system under which costs are accumulated and reported at each level of responsibility so that the accounting and cost data may be used by the management at each level in controlling the operations and their costs.
- Published on 03 Sep 15

a. Responsibility Accounting
b. Cost accounting
c. Cost data accounting
d. Financial accounting

ANSWER: Responsibility Accounting

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