Which of the following statement/s about management accounting is/are true?
i. It is concerned only with information obtained from the accounting records.
ii. It is concerned with financial and non-financial information.
iii. It can provide information useful for making decisions.
A) i
B) i and ii
C) ii and iii
D) ii

Question

Quizplus · Accepted Answer

Statement ii is true as management accounting deals with both financial and non-financial information. Statement iii is true as management accounting provides information that is useful for making decisions. Statement i is false as management accounting may also use other sources of information besides accounting records.

Which of the Following Statement/s About Management Accounting Is/are True