Which of these statements is not true? A responsibility accounting system:
A) recognises that expenses are the collective responsibility of the organisation.
B) requires managers to participate in the development of financial plans for their unit.
C) measures separately the performance of each manager's area of responsible.
D) holds managers responsible for costs and income over which they have control.

Question

Quizplus · Accepted Answer

A responsibility accounting system does not recognise that expenses are the collective responsibility of the organization. Instead, it holds managers responsible for costs and income over which they have control.

Which of These Statements Is Not True? a Responsibility Accounting