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Question

Assertion :Management accounting provides management with information for decision-making. Reason: Management accounting is a branch of cost accounting.

A
Both Assertion and Reason are correct and Reason is the correct explanation for Assertion
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B
Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion
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C
Assertion is correct but Reason is incorrect
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D
Assertion is incorrect but Reason is correct
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Solution

The correct option is C Assertion is correct but Reason is incorrect
Management accounting is the process of preparing reports about business operations that help managers make short-term and long-term decisions.
There are three branches of accounting
1. Financial Accounting
2. Cost Accounting
3. Financial Accounting.
Therefore, Management accounting is the branch of accounting

The assertion is correct but the Reason is incorrect as cost accounting is the branch of accounting.

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