Users of Accounting Information

_____________________ is the practice of maintaining accounts and preparing reports to aid the financial decision making of a business.

• (a) book-keeping

• (b) accounting          

• (c) analyzing

• (d) financing

____________ is the process of recording accounting data in the books of account.

• (a) book-keeping

• (b) accounting

• (c) analyzing 

• (d) financing

The main aim of a business is to make ______________.

• (a) money

• (b) products

• (c) profit

• (d) services

These people use accounting information because they want to get a return on their investment (share of the profit).

• (a) managers

• (b) owners

• (c) suppliers

• (d) investors

These people use accounting information because they want to decide whether it is too risky to extend credit to the business.

• (a) customers

• (b) employees 

• (c) government

• (d) banks

These people use accounting information to help them evaluate the soundness of their investment.

• (a) managers

• (b) owners

• (c) suppliers

• (d) customers

These people use accounting information to find out the business' profit in order to tax the business.

• (a) customers 

• (b) employees

• (c) government

• (d) banks

These people use accounting information to make sure the business is financially stable before accepting orders.

• (a) managers       

• (b) owners

• (c) suppliers

• (d) investors

These people use accounting information to assist them in decision making and making policies and plans for future success of the business

• (a) managers

• (b) owners

• (c) suppliers

• (d) investors

These people use accounting information to make sure the business is financially stable before placing orders.

• (a) customers

• (b) employees

• (c) government

• (d) banks