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Explain the concept of responsibility accounting

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Question1 : "Responsibility accounting is a system of accounting that recognises various decision centres throughout an organisation and traces costs to the individual managers who are primarily responsible for making decisions about the costs in question." Explain the concept of responsibility accounting" (Charles T. Horngren). Discuss the concept of responsibility accounting, its features and the how it can be used to achieve organizational goals.

Reference no: EM132507019

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