Which description listed below best defines "responsibility accounting"?
A) A system for evaluating the performance of each responsibility centre and its manager
B) A budget that projects cash inflows and outflows and the end of period budgeted balance sheet
C) Details as to how the company expects to go from the beginning cash balance to the desired ending cash balance
D) A company's plan for purchases of property, plant and equipment, and other long-term assets
Correct Answer:
Verified
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