Financial accounting provides financial information to all of the following external users except:

Related Mcqs:

The gross decrease in economic benefits for the business are what?

A. Expenses B. Obligations C. Creditors D. Income or gain...

Cash received for services rendered will______________?

A. Increase cash and liability B. Increase equity and liability C. Increase fixed assets and cash D. Increase cash and equity...

Which of the following errors is an error of omission?

A. Sale of ` 100 was recorded in the Purchases Journal B. Wages paid to Mohan have been debited to his account C. The total of the sales journal has not been posted to the Sales Account D. Repairs to buildings have been debited to buildings account...

Depreciation appearing in the Trial Balance should be?

A. Debited to P&L A/c B. Shown as liability in Balance Sheet C. Reduced from related asset in Balance Sheet D. Both A. and C. above...

When bill discounted with the bank is dishonored?

A. Acceptor‘s Account is debited in the books of drawer B. Bills Receivable Account is credited in the books of drawer C. Bank Account is debited in the books of drawer D. Bills Payable Account is debited in the books of drawer...