Which of the following is used by both internal and external users to the company?
A)chart of accounts
B)trial balance
C)balance sheet
D)costing reports

Question

Quizplus · Accepted Answer

The balance sheet is used by both internal and external users to the company. It provides information about the company's assets, liabilities, and equity, which is essential for investors, creditors, and management. The chart of accounts and trial balance are more focused on internal accounting processes, while costing reports are typically used by management for decision-making purposes.

Which of the Following Is Used by Both Internal and External