BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Users of accounting information include
|
|
Creditors
|
|
|
Lenders
|
|
|
Customers
|
|
|
All of the above
|
Explanation:
Detailed explanation-1: -There are three primary users of accounting information: internal users, external users, and the government (which is a specific form of an external user). Each group uses accounting information differently and requires the information to be presented differently.
Detailed explanation-2: -The external users may be classified further into users with direct financial interest – owners, investors, creditors; and users with indirect financial interest – government, employees, customers and the others.
There is 1 question to complete.