Q162
The branch of accounting which analyses and interprets the overall data is ________
A.
Financial accounting
B.
Cost accounting
C.
Management accounting
AnswerD.
None of these
Answer: Option C
Solution
Answer: Option C
Solution:
Management accounting also is known as managerial accounting and can be defined as a process of providing financial information and resources to the managers in decision making. Management accounting is only used by the internal team of the organization, and this is the only thing which makes it different from financial accounting.