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

Question

Quizplus · Accepted Answer

A responsibility accounting system does not recognise that expenses are the collective responsibility of the organisation. Instead, it recognises that each manager is responsible for the costs and income of their area of responsibility.

Which of the Following Statements Is Not True? a Responsibility