Question

The branch of accounting that serves as a bridge between financial and managerial accounting is:

a) Cost
b) Managerial
c) Tax
d) Auditing

Answer 1

Cost accounting is the branch of accounting that serves as a bridge between financial and managerial accounting.

Step-by-step explanation:

The branch of accounting that serves as a bridge between financial and managerial accounting is cost accounting.

Cost accounting focuses on the analysis, allocation, and control of costs to help management make informed decisions. It measures and reports the costs associated with producing goods or services, and provides information on the profitability of different products, departments, or projects.

For example, cost accounting can help a company determine the most cost-effective way to produce a product, identify areas of waste or inefficiency, and set prices that will cover costs and generate a profit.