Question

Mcqs the process of responsibility accounting ensures that

Answer 1

The manager who is accountable for the activities of his such responsibility centers are to control cost by assigning certain responsibility are discharged accounting involves the evaluation of the activities of each responsibility center and reporting this to the management to ensure that he assigned responsibility ...

Answer 2

Explanation:

There are several principles considered part of basic accounting theory, including cost principle, matching principle, materiality, conservatism and monetary unit assumption. ... This principle requires accountants to be careful and always consistent in their documentation.