Question

1. Information in financial reports is based on ______________________.
2. Internal users are the _____________ of the business entity.
3. A ________________ would most likely use an entities financial report to determine whether or not the business entity is eligible for a loan.

CLASS 11
ACCOUNTANCY
CHAPTER 1 : INTRODUCTION TO ACCOUNTING
3 QUESTIONS = 15POINTS
ANSWER ALL 3 CORRECTLY SO I WILL MARK U BRAINLEST

Answer 1

(a) economic transactions.

(b) management/employees

(c) creditor