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Flashcards in Benefits To The Stakeholders Deck (10)
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How does a businesses accounts benefit the owner?

To see whether the business is profitable and to assess the liquidity of the business.

1

How does a businesses accounts benefit the managers?

To plan for the future and to exercise control over the business.

2

How does a businesses accounts benefit suppliers?

To assess whether the business is able to pay for goods according to the agreed terms.

3

How does a businesses accounts benefits customers?

To assess whether the business is able to supply the goods ordered.

4

How does a businesses accounts benefit providers of finance?

To assess whether the business can continue to repay money with interest.

5

How does a businesses accounts benefit employees?

To assess whether the business can continue trading and provide employment and pay wages.

6

How does a businesses accounts benefit the government?

To assess how much income tax and value added tax is due.

7

How does a businesses accounts benefit competitors?

To assess how well their own business is performing in comparison.

8

How does a businesses accounts benefit potential investors?

To assess the viability of investment in the business.

9

How does a businesses accounts benefit the local community?

To assess the impact of the business on the local community.