Question

Mention any one external user of Accounting information and state his purpose of asking for such information.

Answer 1

Answer:

Some of the ways external users employ accounting information include the following: Stockholders have the right to know how a company is managing its investments. ... Banks or lending institutions may use accounting information to guide decisions such as whether to lend or how much to lend a business.

Answer 2

Answer:

Some of the ways external users employ accounting information include the following: Stockholders have the right to know how a company is managing its investments. ... Banks or lending institutions may use accounting information to guide decisions such as whether to lend or how much to lend a business.