Using the financial information
Users not only include proprietor or owner
but also include investor, employees, lender, suppliers, government, customer
and public at large. Accounting data is more useful if it stresses more on
economic substance rather than technical form. Information is useless and
meaningless unless it is relevant and material.
of Accounting Information:- There are two
(1) Internal Management and owner- Directors,
Partners, Managers, Employees.
(2) External uses or outsiders- Investor,
Lenders, Suppliers, Govt. Agencies, Customers.
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