Question

Management accounting
a) is a clerical work
b) is a accounting for future
c) is a recording technique of management related transaction
d) is an anaysis of the past business activity

Answer 1

Management accounting is c) is a recording technique of management related transaction.

• In the field of accountancy, managerial accountancy can be described as a way of keeping a record of the cost that a particular business is taking upon so that these can be analyzed for the proper functioning of a company.
• All the transactions or money used by the company is managed under the management accounting.
• Hence, the correct option is c) is a recording technique of management related transaction.
• Other options, such as b) is accounting for the future is not correct as management accounting is being used today to analyze the cost in a business.

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