Cost Accounting and Management Accounting are ……………….. in nature.

Question

Quizplus · Accepted Answer

Cost accounting and management accounting are complementary in nature because both are used by management for decision-making, planning, and controlling operations. Cost accounting focuses on capturing and analyzing the costs associated with producing goods or services, while management accounting uses this cost information along with other financial and non-financial data to help managers make informed business decisions.

Cost Accounting and Management Accounting Are ………………