The basic objective of responsibility accounting is to charge each manager with those costs and/or revenues over which he has control.

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Responsibility accounting is a management control system that involves identifying the areas of responsibility for each manager and then comparing actual performance to predetermined standards. The objective is to hold each manager accountable for the costs and/or revenues that they can influence or control. This helps to promote efficiency, effectiveness, and accountability throughout the organization.

The Basic Objective of Responsibility Accounting Is to Charge Each