Six interested parties in bookkeeping
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Most common parties that are intrested in Book keeping are.
1.Investor - to know financial position
2. Creditors - to know credit condition of business.
3.Supplier - to know profitability ratio of business.
4.Management - to know profits as well as solvency position of business.
5. Public - To know the earning capacity of business.
6. Government - to know financial condition of business so that they charge tax according to same.
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1.Investor - to know financial position
2. Creditors - to know credit condition of business.
3.Supplier - to know profitability ratio of business.
4.Management - to know profits as well as solvency position of business.
5. Public - To know the earning capacity of business.
6. Government - to know financial condition of business so that they charge tax according to same.
☺
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