Question

Accounting is concerned with the provision of financial information
to the people who are directly or indirectly connected with the
organization. State THREE (3) users of accounting information
that directly connected with the organization and explain the
reasons they need accounting information.
(6 marks)​

Answer 1

Users of accounting information are internal and external. External users are creditors, investors, government, trading partners, regulatory agencies, international standardization agencies, journalists and internal users are owners, directors, managers, employees of the company.

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