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which is not correct
1 cost accn can be used for inventory valuation to meet the requirements of internal reporting only
2 managemnt acn provides appr info for decison making, planning and control
3 routine info can be used for both short term and long term decions
4 financial acn info can be used for internal reporting only
ANS given is Abut shouldnt it be d?
Are you sure you have typed out the question correctly?
Answer 1 is not correct because it is allowed to use standard costs to value inventory in financial accounts (even though it is not the normal way).
Answer 4 is also not correct because financial accounting information is also used in external reporting.
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