The rapid increase in demand for both management accounting and financial accounting information in the 1800s can be explained by:
A)The rapid development of technology during this time
B)The 'birth' of the corporation
C)Increasing separation of business management from ownership
D)All of the above

Question

Quizplus · Accepted Answer

All of the above explanations played a role in the rapid increase in demand for management accounting and financial accounting information in the 1800s. The development of technology allowed for more efficient accounting practices, while the birth of the corporation and increasing separation of business management from ownership led to a need for more formalized accounting processes and reporting.

The Rapid Increase in Demand for Both Management Accounting and Financial