Question: Question 1 ( 5+5=10 marks ) 1. List five stakeholders of accounting information. Describe the information requirements for each one. ( 5 marks) For example,

Question 1 ( 5+5=10 marks ) 1. List five stakeholders of accounting information. Describe the information requirements for each one. ( 5 marks) For example, lenders would need information regarding the business's ability to repay debt and service a loan. 2. Describe the differences between Accrual accounting and Cash accounting. Suggest which one is a better method to use in preparing financial statements

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