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Give internal or external users of financial statements

Posted by Tejal Sharma 10 months, 3 weeks ago

CBSE > Class 12 > Accountancy

1 answers

Tejal Sharma 10 months, 3 weeks ago

Internal users are- Management - it makes extensive use of accounting information to arrive at informed decision such as determination of seeling price , cost control and reduction Share holders - It contribute capital in the business and thus are always exposed to risk .In view of the risk involved they are always interested in Knowing the profitability . Employee - it are untilled to bonus at the end of the year besides the salary and wages taken every month. Bonus is linked to the profit earned by a enterprise Thor the employed are much interested in financial statements External users -

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