Question

Which of the following is a modern technique of managerial accounting?

Q: Answer-Which of the following is a modern technique of managerial accounting?

One of the recent developments in the field of management accounting is the responsibility accounting, which is helpful in exercising cost control. Responsibility Accounting is the system of accounting that segregates revenues and costs into areas of personal responsibility in order to assess the performance attained by persons to whom authority has been assigned. It is also called profitability accounting and activity accounting.