Multiple Choice
The statement concerning responsibility accounting that is untrue is:
A) For successful budgeting responsibility must be clearly defined
B) A manager is held responsible for the activities of his/her department
C) The choice of responsibility centres in an organisation depends on its characteristics
D) Responsibility centres are usually determined by differences in the product the firm produces
Correct Answer:

Verified
Correct Answer:
Verified
Q5: It is true in relation to cash
Q6: Which statement is true?<br>A)Most firms prepare cash
Q7: The statement relating to a master budget
Q8: Having the budget imposed by senior management
Q9: The c_ expenditure budget shows the planned
Q11: The c_ b_ shows projected cash receipts
Q12: How many of these are the benefits
Q13: Budget p_ reports compare actual and budget
Q14: Which of the following budgets is prepared
Q15: The method which would <u>not</u> be used