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Question

The use of management accounting is _______________.

A
Compulsory
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B
Optional
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C
Obligation
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D
Statutory requirement
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Solution

The correct option is B Optional

Management Accounting is a process of preparing a management report and accounts that provides accurate and timely financial information to the management to decide further course of action about the business.

Management accounting is normally used in big organization. Its optional and not mandatory.

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