Question

State the importance of financial statements to (i) shareholders (ii) creditors (iii) government (iv) investors

Answer 1

Answer:

Shareholders:- In the companies, the management is separate, shareholders can't take a part daily activities of any business.

Creditors:- Creditors have to help the debtors. When a creditor fully supports a debtor then the economy benefits grow.

Government:- Government create many laws for people's safety.

Investors:- Investors play a significant role in the growth of a company. Transparent relation with the investors make companies strong.

Answer 2

Answer:

pls see the image you will get your answer for sure