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Management and Cost Accounting
?
Which statement regarding management accounting is true?
Management accounts are prepared for parties external to the organization.
Management accounts are used by shareholders to compare one company with another.
The content of management accounts is strictly controlled by Accounting Standards and Financial Legislation.
Management Accounts are used by managers within the organization.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (D)
Management Accounts are used by managers within the organization.
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