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  5. External users of ac...

External users of accounting information include

Accounts - Principles of Accounts
WAEC 2016

External users of accounting information include

  • A. employees
  • B. management
  • C. banks
  • D. directors
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Correct Answer: Option C
Explanation

External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.

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