wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which one of the following branches of accounting primarily deals with processing and presenting of accounting data for internal use?

A
Financial accounting
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Tax accounting
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Management accounting
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
Inflation accounting
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is D Management accounting
Management Accounting is an another branch of accounting which deals with the gathering of information from financial accounting to present in a systematic manner in a report format so that this can be presented to the management to analyse and interpret the data for taking any business decision.
All such management reports are meant for internal use only.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Introduction
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon