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Which of following statements is true? Managerial accounting uses the cash basis for recording transactions. Managerial accounting focuses on historical transactions. Financial accounting focuses on future data. Management accounting focuses on relevant data.

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sadddamkashmiri801

Answer:

Following is the only statement that is true:

Management accounting focuses on relevant data.

Explanation:

The reason is that financial accounting focuses on the recording of facts and figures that arise due to past events not from future events. Whereas the managerial accounting considers relevant data for better control of the operaitons of the companies. Managerial data only considers relevant data, it might be on cash basis or past related or future related.

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