Question

the basic function of management accounting is to :
a- Record all business transactions
b- interpret financial data
c- assist the management in performing its function effectively

Answer 1

according to me the basic function of management accounting is to all the following options.....

Answer 2

The basic function of management accounting is to assist the management in performing its function effectively. (Option c)

• The concept of management accounting involves decision making based on recorded information.
• The management of a company utilizes the information to predict profitable situations and take action based on that information.
• The long and short term goals, plans and objectives are all determined for the management to function properly.
• Such assistance forms a part of accounting and is concerned with planning, evaluating, etc.