Which of this is not an internal user of acounting?
(a) Owners
(b) Employees
(c) Management
(d) Potential investors
Answer: (d) Potential investors
More Question
- Which of the following describes 'Qualitative characteristic understandability' in the best manner?
- Information provided by accounting should be factual and rerifiable. It should be free from error and bias. It should be such that users can depend upon the information provided.
- Accounting is a means to determine the current worth of a business enterprise on the basis of its profit earning capacity. The given statement highlights which of the role of accounting?
- Which of these are examples of short-term creditors?
- Need information to form policies at the macro level and for providing subsidies
- Public is not a user of accounting.
- Which of this is not an internal user of acounting?
- Cash flow statement is a technique of management accounting.
- The main purpose of cost accounting is to ascertain of rendered by business.
- Each and every branch has its separate set of objectives. Which of these branches of accounting directly or indirectly helps in management decisions?
- The main purpose of which branch of accounting is to record the business transactions in a systematic manner and to ascertain the profit or loss of the accounting period?
- Which of the following is not considered as a main branch of accounting?
- Summarising is the art of presenting the in an understandable manner
- Accounting indirectly helps the government agencies.
- What kind of business are required to perform the 'recording' of transaction in terms of 'money'?
- Is the process of grouping the transactions of one nature at one place, in a separate account
- Recording, classifying and summarising are also termed as
- Accounting function is.. in nature
- Function is routine and clerical in nature and is increasingly done by computers now-a-days
- Which of the following statements is not true?
- One of the limitations of accounting is that the figure given in financial statements ignore the effects of changes in price level
- Although accounting provides lot of advantages to the business, it suffers from certain limitations.
- Accounting information is used to compare the result of current year with the previous year to analyse the changes.
- The objectives of accounting are varied. Which of the following are the objectives of accounting?
- Accounting and are one and the same thing
- Refers to the entire body of the theoretical knowledge of accounting
- Book keeping is a wider concept than accounting
- Accounting starts with ..... financial transactions and ends with ...... accounting information.
- Which of the following is the process of entering business transactions of financial character in the books of original entry in terms of money?
- In measurement, what type of transactions are considered (during the process of accounting)?
- Which of these concepts is a process of give and take with 'event' as the end result of it?
- By the nature of multiple definitions given for accounting, which of these is a feature of accounting?