Question

Why are the following parties interested in accounting information?

(a) Investors (b) Government​

Answer 1

Answer:

Answer:investors are interested in accounting information because they want to know whether they earn profit or not. The government is intrusted in accounting information because they want to know that the society is developing or not.

Answer 2

It is True that Both the investors and Government are interested in accounting Information. Investors are interested as they have to invest in the company whereas Government is interested for the taxation purpose.

Explanation:

• Both the Investors and Government are interested in knowing about the accounting information
• The Investors are interested in accounting information as if they know whether they earn profit or not then only they can invest in the firm.
• The government is interested in accounting information for the taxation purpose and also they want to know whether the society is getting any benefit from the business or not.