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Users of accounting information

Total questions: 9

Worksheet time: 18mins

Name
Class
Date
1.

Parties outside the reporting entity or company

a)

Internal users

b)

Externel users

2.

Investors are

a)

Suppliers

b)

Owners

c)

Banks

d)

Customers

3.

Which of below users considered as Internal user ?

a)

Owner

b)

Middle management

c)

Bank

d)

Buyer

4.

Who utilize accounting information to make lending decisions :

a)

Investors

b)

Customers

c)

Creditors

d)

Employees

5.

who may need accounting information to decide which products to buy from which companies:

a)

Investors

b)

Creditors

c)

Customers

d)

Company's owner

6.

A company's senior and middle management use accounting information to:

a)

make buy, sell or keep decisions related to shares.

b)

run the business

c)

determine a company's profitability and profit sharing

d)

utilize accounting information to make lending decisions

7.

Data are checked by

a)

External users

b)

Internal users

c)

External users + Internal users

d)

None of the answers

8.

Users of accounting information are:

a)

External users

b)

External users and Internal users

c)

Subsidiary users

d)

Internal users

9.

Employees use accounting information to

a)

run the business

b)

make lending decisions

c)

determine a company's profitability and profit sharing

d)

decide which products to buy from which companies