Question

C Sign B Pract PDF Pract Hom PDF vnloads/Practice_Opportunity_to_Excel_OTE - + A' Read alo the beginning of 2017? a. $28,600 b. $50,600 c. $76,600 d. $2,600 2. Which one of the following is not an external user of financial statements? a. Suppliers b. Creditors c. The company's controller d. None of these choices 3. If a work sheet is used, it is prepared a. after closing the accounts b. after recording and posting adjustments. c. before preparing financial statements d. before journalizing transactions 4. Which of the following terms best describes a distribution of the net income of a business to a Revenue b. Monetary unit Earnings d. Dividende 5. Which of the following Matement is regarding the multiple-step income statement? The multiple-step income is sed only by companies that sell products of those b. The maple-step income is helpful in determining a company's working capital The sleep income parts the income the single-step income

Answer 1

2. The answer is "option c ie The company's controller"   external users of financial statement are the once who have interest in the accounts of any organisation but they are not part of the administrative department of the organisation or in other words they are not someone who is involved in the overseeing the accounting operation of any organisation.

Some of the examples of external users are suppliers, creditors, investors, goverment, etc.

On the other hand a company's controller is someone who is concerend with the accounting process of an organisation . He is involved in accounting and also helps an organisation in taking major financial decision and hence they are very important to the organisation and considered as an internal user of any organisation.

Out of the options given above suppliers and creditors are external users.