Which of the following is a distinguishing feature of managerial accounting, which is not applicable to financial accounting?

Question

Options

• AManagerial accounting uses double-entry accounting and cost data.
• BManagerial accounting uses general accepted accounting principles.
• CManagerial accounting involves decision making based on quantifiable economic events.
• DManagerial accounting involves decision making based on predetermined standards.

• A
  6% (2)
• B
  11% (4)
• C
  3% (1)
• D
  81% (29)

Explanation

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