Vidyalelo
Commerce · Q34

Accounting

Graduate and Post Graduate · Commerce · question 34

Q34

Which of the following is the external user of financial statements?

A.
Manager of the business
B.
CEO of the business
C.
Creditor of the business
Answer
D.
Controller of the business

Answer: Option C

Solution

Answer: Option C
Solution:
Creditor of the business is the external user of financial statements. External users are people outside the business entity (organization) who use accounting information.