BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Creditors are the outsiders that lend money to the company. Therefore, creditors would not be considered internal users of accounting data for a company.

Detailed explanation-2: -Examples of internal users are owners, managers, and employees. External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.

Detailed explanation-3: -Creditors are not the internal users.

Detailed explanation-4: -Which of the following would not be considered an external user of accounting data for the LMN Company? Creditors.

Detailed explanation-5: -Which of the following would not be considered an internal user of accounting data for the XYZ Company? President of the employees’ labor union.