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    Question

    Which of the following is a modern technique of managerial accounting?

    A Marginal accounting Correct Answer Incorrect Answer
    B Standard accounting Correct Answer Incorrect Answer
    C Responsibility accounting Correct Answer Incorrect Answer
    D Differential accounting Correct Answer Incorrect Answer
    E Budget accounting Correct Answer Incorrect Answer

    Solution

    One of the recent developments in the field of management accounting is the responsibility accounting, which is helpful in exercising cost control. Responsibility Accounting is the system of accounting that segregates revenues and costs into areas of personal responsibility in order to assess the performance attained by persons to whom authority has been assigned. It is also called profitability accounting and activity accounting.

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