Question

Identify the users and uses of accounting

Answer 1

Answer:

Internal and external users

Explanation:

the uses of accounting are :-

1. financial information about business

2. assistance to management

3. replace memories

4. facilitates comparative study

5. secure by tax liabilities

6. facilitates loans

7. evidence in court

8. help in sale of business

9. assistance in the event of insolvency

10. helpful in partnership account

11. helpful in decision making