Responsibility accounting reports for profit centers will include:
A) only costs.
B) only revenues.
C) both expenses and fixed assets.
D) revenues, expenses, and net income or loss from operations.

Question

Quizplus · Accepted Answer

Responsibility accounting reports for profit centers need to include both revenues and expenses in order to determine the net income or loss from operations. By including both sources of income and expenses, managers can assess the overall profitability of the profit center and make informed decisions about how to allocate resources.

Responsibility Accounting Reports for Profit Centers Will Include