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Introduction to Accounting — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountIntroduction to Accounting1 Mark
MCQ
Management accounting involves _____________.
  • A
    Preparation of financial statements
  • ✓
    Analysis and interpretation of data
  • C
    Recording of transactions
  • D
    Preparation of cost statements
✓

Answer

Correct option: B.
Analysis and interpretation of data
Management Accounting is one of the branch of accountancy which helps management to make useful decisions.
Therefore, Analysis and interpretation of data is done in the management Accounting.
This helps management to know about the profitability and solvency of the business.

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