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The principle of exception with respect to reporting suggests that

A. Information presented should cover only those matters which are not under control of the user of the report

B. Concentration should be on trivial data

C. The volume of data and report are considerably reduced to the bare minimum

D. None of the above

Related Questions on Management Accounting Test Questions

Time value of money indicates that

A. A unit of money obtained today is worth more than a unit of money obtained in future

B. A unit of money obtained today is worth less than a unit of money obtained in future

C. There is no difference in the value of money obtained today and tomorrow

D. None of the above