Question

External users of accounting information are:
A. Researcher
B. Government
C. Potential Investors
D. All of the above
Internal users of accounting information are:
A. Potential Investors
B. Creditors
C. Management
D. Employees
A person who owes money to the firm is called..................
A. Debtors
B. Creditors
C. Supplier
D. None of these
The term sales is used only for the sales of .......... And is never used for the sale
A. Assets, Investment
B. Assets, Goods
C. Tang. Assets, Goods
D. Goods, Assets
Real accounts are related to:
A. Assets
B. Expenses, Losses and income.
C. Debtors and Creditors. Ď. None of these​

Answer 1

Answer:

1.

Explanation:

External Users : C. Potential Investors

2.

Internal Users : Employees.

3.

A person who owns money to the firm is called : Debtors

4.

Answer 2

Answer:

1. C. Potential Investors
2. D. Employees
3. A. Debtors
4. D. Goods, Assets
5. A. Assets

Explanation:

1. Potential investors are the external users of accounting information of the business as they want to know about the information of profit or loss history of the business before investing.
2. Employees are the internal users of accounting information as they want to know about the business or company's performance.
3. Debtors are the person who owes money to the firm.
4. The term sales is used only for sales of goods and assets and is never used for the sale.
5. Real accounts are related to assets. Real accounts means debit what comes in and credit what goes out.

#SPJ3