Solve only question 3 and 11 A1 25% 8:25 PM+ ASSIGNMENT 1... /Fdrullida hirityal kt. Sonaand ecindagFINANCIAL ACCOUNTINGBBA2ASSIGNMENT -11. What is acounting? Write three different definitions.2. Who are users of accounting information, what are its types? Explain withexamples.3. Are we also user of financial accounting, if yes how?4. Why accounting users need information explain with example5. Who are creditors and investors? Explain with example6. What do you understand by Financial Statements?7. In your surrounding search any two2 business and 2 non businessorganization need accounting. Also explain how with example8. Why students should learn accounting?9. What is business transaction? and what is not business transaction?10. What is difference between financial and managerial accounting11.What is annual report, who needs it? Study any annual report. Explain any4 part of it in your own word.

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Answered: 2. Who are users of accounting…

Business

Accounting

2. Who are users of accounting information, what are its types? Explain with examples.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter2: The Accounting Information System

Section: Chapter Questions

Problem 36E

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