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WAEC Financial Accounting 2016 Question 1

Question 1

Introduction to Accounting

External users of accounting information include

  1. A.employees.
  2. B.management.
  3. C.bankers.
  4. D.directors
Show the answer and explanation

Answer: C (bankers.)

Explanation

Bankers are outside the business but use its accounts to decide on loans; employees, management and directors are internal users.