The primary objective of management accounting is to ___________.
A
Prepare final a/c
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B
Provide the management complete and true information
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C
Both A & B
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D
None of the above
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Solution
The correct option is B Provide the management complete and true information Management accounting is an another branch of accounting.
The primary objective of management accounting is to identify, measure, analyze, interpret and communicate true and complete information to the management which are useful to take any business decision.
Management accounting is a very important decision making tool which is used by the management internally.