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| 1. |
Briefly discuss the informational needs of any three external users |
| Answer» Three external users are : 1.Banks 2. Government 3.investors 1. BANK:the banks use the accounting information to insure the loan facility to firm.2. GOVERNMENT:It use the accounting information to make the policy and to check the taxes paid by the firm.3.INVESTORS:They use accounting information to ensure their investment in the business of that firm . | |