Which of the following is one of the difference between management accounting and cost accounting.Select one:O a. Management accounting is based on double entry system but not cost accountingb. Management accounting used for decision making but cost accounting used for cost ascertainmentO c. Management accounting is limited for internal use whereas cost accounting for external used. Management accounting is optional but cost accounting is mandatory

Answered: Which of the following is one of the…

Business

Accounting

Which of the following is one of the difference between management accounting and cost accounting.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...

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Question

Which of the following is one of the difference between management accounting and cost accounting.
Select one:
O a. Management accounting is based on double entry system but not cost accounting
b. Management accounting used for decision making but cost accounting used for cost ascertainment
O c. Management accounting is limited for internal use whereas cost accounting for external use
d. Management accounting is optional but cost accounting is mandatory

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