Question

---------------- users are groups outside the business entity , who uses the information to make decisions about the business entity.
The process of accounting starts with ------------------- and ends with --------------
Accounting measures the business transactions in terms of ------------------------- units.
Identified and measured economic events should be recording in ------------------ order.

Answer 1

Hey

1. External users are groups outside the business entity, who uses the information to make decisions about the business entity.
2. The process of accounting starts with identification of financial nature transactions and ends with communication of financial results to the users.
3. Accounting measures the business transactions in terms of monetary units.
4. Identified and measured economic events should be recording in chronological order.