Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Analysis of Financial Statements

Question:
Who among the following are the external users of financial statements?
Options:
Government
Creditors
Shareholders
All of the Above
Correct Answer:
All of the Above
Explanation:
External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.