Question

Name the external user of accounting information from whom the firm purchase goods on credit

Answer 1

Creditor or supplier... he is treated as a short term liability of business

Answer 2

Answer:

Explanation:

Definition of External User:

An external user is a person outside of an organization who uses financial or accounting data about that organization to make choices but who does not actively manage that organization's operations. In other terms, it refers to a person who uses financial information from a firm but does not manage or work for it.

Suppliers and creditors are the parties who lend money to the business in exchange for raw materials, finished goods, or input services. They want to know if the debt will be paid back when it's due and if the company will still be around.

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