In a Responsibility Accounting System

question 118

Multiple Choice

In a responsibility accounting system:

• A) Controllable costs are assigned to managers who are responsible for them.
• B) Each accounting report contains all items allocated to a responsibility center.
• C) Organized and clear lines of authority and responsibility are only incidental.
• D) All managers at a given level have equal authority and responsibility.
• E) All of these.

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