Accounting · Management Accounting
Which of the following statements is NOT correct regarding managerial accounting?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Managerial accounting depends significantly on cost accounting
- 2Managerial accounting includes details of quantitative information only✓
- 3Managerial accounting is concerned with accounting information useful to management
- 4Managerial accounting and cost accounting are complementary to each other in nature
Correct answer
Managerial accounting includes details of quantitative information only
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