why government are interested in accounting information
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Governments want to know business profit to tax it. Investors want to know business profit to see if it's worth investing their money buying shares in the business. Share-issuing business corporations payout some of their annual profits as dividends to the shareholders
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to analyse their budget for the year
as in the balance sheet.
the balances of two yrs i.e the previous year status as well as the current year's is given.
so it helps in planning the budget economically.
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