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Question

Internal users of accounting information include _______________.

A
short-term creditors
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B
customers
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C
long-term lenders
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D
CEO
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Solution

The correct option is B CEO
The users of accounting are mainly classified into two categories
1. Internal Users: Internal users are inside the business of the entity.
Example: managers, owners, directors, CEO, CFO etc.

2. External Users: These are outside the affairs of the entity.
Example: Creditors. Government, Shareholders etc.

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