Shareholders and creditors are the only people who need accounting information.

Name: Shareholders and creditors are the only people who need accounting information.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Accounting information is not only relevant to shareholders and creditors but also to other stakeholders like managers, employees, regulatory authorities, and government agencies. They need accounting information to make informed decisions that affect the organization.

Shareholders and Creditors Are the Only People Who Need Accounting