Question

Which of the following are users of accounting information?

• A. Creditors
• B. Lenders
• C. Customers
• D. All of the above

Answer 1

The correct option is D All of the above

There are various stake holders who want to know about the business. There are internal and external stakeholders.

Internal stakeholders are investor and management who wants to know about the business performance.

External stakeholders are creditors, lenders and customers. Customers want to know about the growth of the organization and various new products whereas creditors and lenders are more interested to know about the financial position of the organization in reference to the security of their money.