Responsibility accounting reports for profit centers will include
A)costs only
B)revenues only
C)expenses and fixed assets
D)revenues, expenses, and operating income or loss

Question

Quizplus · Accepted Answer

Responsibility accounting for profit centers includes reports on revenues, expenses, and the resulting operating income or loss. This is because profit centers are responsible for both generating revenue and controlling costs to derive profit.

Responsibility Accounting Reports for Profit Centers Will Include