Which of the following is not a user of internal accountinginformation?a. Store manager.b. Chief executive offi cer.c. Creditor.d. Chief fi nancial offi cer.

Q: hat are the accounting information needed by: a. Internal users b. External users

A: Accounting Information:- This is that information that is required by both external and internal…

Q: Financial accounting is one of the branches of accounting specialized in recording, classifying,…

A: Financial accounting is used to prepare financial statement which helps in calculating Revenue…

Q: For each of the following users of financial ače accounting information, specify whether the user…

A: Important thing to Note the parties which are outside to the organization will not have access to…

Q: ules of Debit and Credit Directions: Indicate whether each account identified is to be debited…

A: Accounting equation of the business says that all assets of the business must be equal to total…

Q: Why are traditional accounting events such as recording a transaction in a journal or posting to…

A: The traditional accounting events such as recording transaction in a journal not modelled in REA…

Q: Accountants have effectively used a system of debits and credits to increase and decrease account…

A: Debit means debit side of the account which is denoted by Dr. Credit means credit side of the…

Q: indicators that a company is doing an effective job at managing accounts receivable

A: Accounts receivable is the earnings of the company for which the payment has not been made by the…

Q: Ms. Andrews is a customer of the Edsell Company. In the object-oriented design approach   A. Ms.…

A: Object-oriented design approach - The same tool used to integrates accounting structures and…

Q: Which of the following is not an external user of a business’s financial information? Taxing…

A: The financial information of the company is used by many internal & external users for getting…

Q: financial accounting focuses on providing information to internal users , is it true or false ?

A: Financial accounting is referred to a branch of accounting which keeps a complete record of all the…

Q: -Which of the following will be not be called as Source Document of a Business?

A: Answer

Q: Which of the following users is not considered an internal user of accounting O a. An employee O b.…

A: Internal user of accounting means the stakeholder within the organization who uses the accounting…

Q: Which one of the following is not an advantage of slip system of accounting? a. It ensures smooth…

A: Slip system of accounting:- Under slip system of accounting method, all the business transactions…

Q: Identifying users of accounting information For each of the users of accounting information,…

A: Internal decision maker: The users who are part of the company and are interested in the details of…

Q: Which of the following woulg not be considered an internal user of accounting data for Apple?…

A: Internal user means the person within the organization and uses the accounting data for decision…

Q: Which one of the following characteristics of accounting information is related to Objectivity? a.…

A: Accounting information means that relevant accounting and financial information that is useful for…

Q: hich of the following is managed by an accounting department's dministrator? O A. bills and expense…

A: Accounting department refers to the corporate overhead group part of the firm and this department is…

Q: Which of the following would not be considered internal users of accounting data for a company? a.…

A: The company produces accounting data in the form of financial reports and related disclosures. There…

Q: Which of the following is NOT a purpose of the Transaction Processing System?a. managing and…

A:

Q: Besides accountants, which users do you think rely on journal and ledger records (e.g., managers,…

A: Accounting is the procedure for recording, classifying, summarizing and interpreting the financial…

Q: Why are traditional accounting events,

A: Answer:

Q: Function Missing words Customer billing for provided Receipt and processing of and services Managing…

A: Debtors represent the term that is used when a payment is due to be received from the customers and…

Q: The income: Branch ledger account is maintained is the accounting records of: a. Neither the home…

A: Answer: Branch ledger will be maintained by the home office only and not by the branch itself.

Q: Who are the èxternal user's of accounting information

A: The accounting information is used by the external user and internal user. The External users are…

Q: Which of the following is true? a.The process of transferring information from the journal to the…

A: A transaction firstly recorded in the journal, then posted on the ledger, balance transferred on…

Q: _____is not a specific account in a company’s accounting records?

A: ANSWER

Q: W

A: According to AICPA, "accounting is an art of recording, classifying, summarizing in a significant…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: Internal Users: The internal users are the users of the information who are within the…

Q: Which of the following will be not be called as Source Document of a Business? a. Debit note raised…

A: Source document contains the information about a transaction like, date, amount, party, etc. Debit…

Q: Unlike for a "sales agency" a "branch" has its own separate books of accounts and prepares its own…

A: Sales agency is type of agency which works to provide facility to customer by displaying different…

Q: Financial accounting data prepared in accordance with GAAP. But management accounting don’t follow…

A: The answer for the theory question on Financial Accounting vs Management Accounting is presented…

Q: The accounting assumption that states an owner of a business must keep the business checkbook…

A: Accounting Assumption :— It is set of standard rules that are provided by financial accounting…

Q: Which of the following is a business event that is not considered a recordable transaction? O A…

A: Transaction means any events which is denoted in money terms and which can be recorded in books of…

Q: What do the terms 'debit' and 'credit' mean from an accounting perspective?  What are the two…

A: The terms ‘debit’ and ‘credit’ forms the basis of accounting. It is on the basis of these two terms…

Q: Which one of the following statements is not correct regarding financial accounting and management…

A: The correct option is  B. Only financial accounting involves the use of accounting information

Q: What control system and subsidiary accounts should be included in Ermler & Trump’s manual accounting…

A: Control system and subsidiary accounts that should be included in Ermler & Trump’s manual…

Q: An accounting clerk would take first which of the following steps? A. Post individual amounts to the…

A: Option B is correct.

Q: Which of the following branches of accounting is often limited to preparing and distributing…

A: Accounting is the process whereby the costs and revenues of the business are estimated and recorded.…

Q: Which of the following is not one of the general ledger and reporting activities? A. Updating the…

A: General ledger: It is the T-accounts prepared for every journal entry and get recorded in their…

Q: Due to this accounting principle I have to store the accounting documents for example invoices, cash…

A: Accounting is based on various principles that are to be considered while preparing accounts of the…

Q: ___________________________is not a specific account in a company’s accounting records?

A: SOLUTION- NET INCOME  IS GROSS PROFIT MINUS ALL OTHER EXPENSES OR COSTS AS WELL AS ANY OTHER INCOME…