Users of Accounting infor(External)

Question 1

: Who are the users of accounting information that assess a business’s ability to repay loans?

Answer 1

Creditors/lenders

Question 2

What group uses financial information to regulate businesses and set taxation policies?

Answer 2

Government and its Agencies

Question 3

Who needs accounting information to assess risk and return on investments?

Answer 3

Investors and Stockholders

Question 4

Why does the public need accounting information?

Answer 4

To track company trends, economic contributions, and employment opportunities.

Question 5

Who are suppliers in the context of accounting?

Answer 5

Entities that provide goods and services to a business.