Q554
System which measures budget, action and plan of each responsibility center is known as
A.
budgeted accounting
B.
action accounting
C.
planned accounting
D.
responsibility accounting
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
System which measures budget, action and plan of each responsibility center is known as responsibility accounting. Responsibility Accounting is a system of control where responsibility is assigned for the control of costs. The persons are made responsible for the control of costs.