Owners,creditors,suppliers,employees,and the government all are users of accounting information.

Question

Quizplus · Accepted Answer

Owners use accounting information to make decisions about the future of the business. Creditors need accounting information to decide whether it is safe to lend money to the business. Suppliers use accounting information to evaluate the creditworthiness of a business. Employees may need accounting information to understand the financial stability of their employer. Finally, the government uses accounting information to ensure compliance with tax laws and regulations.

Owners,creditors,suppliers,employees,and the Government All Are Users of Accounting Information