The correct answer is (d). Inflation accounting is not a major tool of management accounting.
Management accounting is a branch of accounting that provides financial and other decision-making information to managers within an organization. It is concerned with the measurement, analysis, and reporting of financial and non-financial information to aid internal decision-making.
Marginal costing is a technique used to calculate the contribution margin of a product or service. It is calculated by subtracting the variable costs from the sales revenue. The contribution margin can then be used to calculate the break-even point, or the point at which the company’s revenue equals its costs.
Budgetary control is a system of planning and controlling an organization’s activities by setting budgets and comparing actual results to budgeted amounts. Budgets are used to allocate resources, set targets, and measure performance.
Depreciation accounting is a method of accounting for the decline in the value of an asset over time. Depreciation is calculated by dividing the cost of the asset by its useful life. The amount of depreciation expense is then deducted from the company’s income statement.
Inflation accounting is a method of accounting that adjusts financial statements for the effects of inflation. Inflation accounting is not a major tool of management accounting because it is not used to make decisions about the day-to-day operations of a business.