What is Responsibility Accounting? How are units in an organization designated as Responsibility centres?.

Responsibility accounting is a system of accounting that segregates revenues and costs into areas of personal responsibility to assess the performance of different parts of an organization. It is a control mechanism used in human resource and financial management to ensure that individuals or departments are accountable for their actions and financial outcomes. This system helps organizations track and evaluate efficiency, effectiveness, and accountability at different levels.

### Concept of Responsibility Accounting  
Responsibility accounting is based on the principle of delegation and accountability, where each manager is responsible for specific financial aspects and operational performance. It helps in better decision-making, cost control, and performance evaluation. By dividing an organization into responsibility centers, top management can ________ ___ ______ __________ _____ ___.
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