Question

which of the following is not a user of accounting information? a) Sales ledger (b) Managers; (c) Business owner; (d) Creditors

Answer 1

Answer:

sales ledger.

Explanation:

there are two types of users:

1. external users : it includes creditors, investors,etc.

2. internal users: it includes owners,managers,etc.

none of them include sales ledger....

Answer 2

Answer:

(d) Creditors

The proper answer is d. These options for answers are all from outside users. Internal users are those who work for the company.

Explanation:

Internal users:

Management and some other staff who work internally are among the financial statement users' data who validate prior outcomes and aid in making modifications for upcoming actions. External users are those outside the corporation who make choices or assess an entity's performance using financial data.

External users:

External users are organizations who are interested in a business's financial performance but do not participate in its management.

External users are:

• Investors. Investors might be interested in the past
• the success of a company and its earning potential in the upcoming.
• Trade Suppliers of Creditors.
• banking or other creditors.
• regulatory agencies and tax authorities.
• Workers and labor unions.
• The public.
• The general public or others.