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

Question

Quizplus · Accepted Answer

Responsibility accounting reports for profit centers should include both revenues and expenses to calculate net income or loss from operations. Therefore, the best choice is option D, which includes both revenues, expenses, and net income or loss from operations.

Responsibility Accounting Reports for Profit Centers Will Include