
Accounting Information:
In accounting, the financial event and transaction are kept in books of accounts and this process is formally known as book keeping. The financial statement contains the
External Users: External users are those who will not participate in the decision making of the company but they are interested in the affairs of the company. As the financial event occurs in the company, the effect of that event will directly impact the external users. As
To identify: Four kinds of external users and their use of accounting information.

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Chapter 1 Solutions
Financial and Managerial Accounting: Information for Decisions
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