Tag Archives | Principles of Responsibility Accounting

Top 14 Principles of Responsibility Accounting | Cost Accounting

The following points highlight the top fourteen principles of responsibility accounting. 1. Determination of responsibility centres by dividing the organisation into various responsibility centres. 2. A target is fixed for each responsibility centre in consultation with the person responsible for the responsibility centre. 3. Actual performance is compared with the target. 4. The variances from […]

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