The fundamental principle of responsibility accounting is the determination of responsibilities. It means that every employee is aware of their duties that are defined and assigned to this individual. Moreover, this principle allows controlling the performance in relation to the cost.
What is the fundamental principle of responsibility accounting?
Answer by Academic.tip's expert
An answer to this question is provided by one of our experts who specializes in business & economics. Let us know how much you liked it and give it a rating.
Cite this page
Select a citation style:
References
Academic.Tips. (2022) 'What is the fundamental principle of responsibility accounting'. 1 July.
Reference
Academic.Tips. (2022, July 1). What is the fundamental principle of responsibility accounting? https://academic.tips/question/what-is-the-fundamental-principle-of-responsibility-accounting/
References
Academic.Tips. 2022. "What is the fundamental principle of responsibility accounting?" July 1, 2022. https://academic.tips/question/what-is-the-fundamental-principle-of-responsibility-accounting/.
1. Academic.Tips. "What is the fundamental principle of responsibility accounting?" July 1, 2022. https://academic.tips/question/what-is-the-fundamental-principle-of-responsibility-accounting/.
Bibliography
Academic.Tips. "What is the fundamental principle of responsibility accounting?" July 1, 2022. https://academic.tips/question/what-is-the-fundamental-principle-of-responsibility-accounting/.
Work Cited
"What is the fundamental principle of responsibility accounting?" Academic.Tips, 1 July 2022, academic.tips/question/what-is-the-fundamental-principle-of-responsibility-accounting/.
Copy