JAMB Accounting 2015 Objective — Question 2

Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Cost reports for the attention of management should reflect

A. as much details as possible
B. summary figures onlyCorrect
C. details of non-controllable expenses
D. cost and comparable data useful in decision making

Explanation

Summary figures are the main item used for management decision-making, not the detailed account.

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