- focused accounting
- responsibility accounting
- information accounting
- blame accounting
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Answer: Option 2
Type of accounting, which focuses on whom should be asked for information and whom not will be categorized as responsibility accounting. Responsibility Accounting is a system of control where responsibility is assigned for the control of costs. The persons are made responsible for the control of costs.
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Which of the following is the example of external users of accounting information?
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Statement : A large number of students who have passed their XII Std. terminal examination in the country could not get admission to colleges as the number of seats available are grossly inadequate. Courses of Action : I. The evaluation system of XII Std. terminal examination should be made more tough so that fewer students pass the examination. II. The Government should encourage the private sector to open new colleges by providing them land at cheaper rate. III. The rich people should be asked to send their wards to foreign countries for higher studies enabling the needy students to get admission in colleges within the country.?
Answer: Option 2 Clearly, reducing the number of aspirants for admission to colleges or sending the students of well-to-do families to foreign countries for higher studies, is no proper solution....
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