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.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter12: Activity-based Management

Section: Chapter Questions

Problem 17E: For each of the following situations, two scenarios are described, labeled A and B. Choose which...

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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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