Which One of the Following Statements About Cost and Management

Multiple Choice

Which one of the following statements about cost and management accounting is correct?

A) Cost accounting refers to information produced in sole trader and partnership businesses, whereas management accounting information is produced only by limited companies.
B) There is a considerable overlap between the use of the terms 'cost accounting' and 'management accounting'.
C) 'Cost accounting' is an old-fashioned term that is gradually being replaced by the term 'management accounting'.
D) Cost accounting refers to the process of producing monthly reports, whereas management accounting reports are produced less frequently.