CA Inter Paper 4 Practice Questions - CA Intermediate Paper 4 Cost And Management Accounting Exam

Management accounting differs from cost accounting primarily because management accounting:

Is restricted only to the ascertainment of historical product cost Is mandatory under the Companies (Cost Records and Audit) Rules Uses cost data along with other financial and non-financial information for planning and decision-making Records only past transactions in a double-entry system

Correct Answer:

Uses cost data along with other financial and non-financial information for planning and decision-making

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