System which measures budget, action and plan of each responsibility center is known as

A. budgeted accounting

B. action accounting

C. planned accounting

D. responsibility accounting

Answer: Option D

Solution(By Examveda Team)

System which measures budget, action and plan of each responsibility center is known as responsibility accounting. Responsibility Accounting is a system of control where responsibility is assigned for the control of costs. The persons are made responsible for the control of costs.