Question: a) Users of accounting information can be broadly described as internal or external users. List two internal and two external users of accounting information

a) Users of accounting information can be broadly described as internal or

a) Users of accounting information can be broadly described as internal or external users. List two internal and two external users of accounting information and explain why they need the accounting information. b) Briefly describe any four elements of financial statements. (8 marks) (8 marks) c) Give an example of your own and explain what is meant by the accrual's basis of accounting. (5 marks) d) Explain the going concern assumption. (4 marks)

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a Internal users are those who is involved in planning organizing and controlling of the business For example Management Management need accounting information to know which product line is the most p... View full answer

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