Question

24. Which of the following would not be considered an external user of accounting data for a company
(A) Income tax officer
(B) Management
(C) Creditor of a company
(D) Customers​

Answer 1

Management is not an external user.

• Internal users represent the individuals who employ the accounting data inside the running enterprise.
• External users typically include potential investors, principal shareholders, commodity suppliers, government officials, the general public, prospective customers, and key employees.
• Whereas the internal users of an enterprise are the active managers and principal owners of the particular enterprise.