Daily Answer Writing Practice for Commerce Optional UPSC (Mains)- Day 65

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Topic – Responsibility Accounting 

#Q.1) What is responsibility accounting? Discuss its principal elements. 10 Marks

#Q.2) How does “responsibility accounting” seek to establish a relationship between planning & controlling?-20 Marks

#Q.3) Explain why a decision centre should be treated as a profit rather than as a cost centre? – 15 Marks

 

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