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Managerial accounting provides all of the following financial information except: payroll summaries production reports monthly sales...

  • Managerial accounting provides all of the following financial information except:

  • payroll summaries

  • production reports

  • monthly sales records

  • budgets

  • income statements

Business   Accounting   
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Answer #1

Managerial accounting provides all of the following financial information except payroll summaries.

first option is the correct option.

Payroll summaries are provided by the financial accounting. It is a routine task of financial accounting and not management accounting. Management accounting provides useful data to the management for effective decision making. Hence, production reports, monthly sales records, budgets and income statement are integral part of management accounting.  

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