There are really only two users of accounting information: the business managers whose activities have generated the information,and the government taxation officials who tax the business.

Question

Quizplus · Accepted Answer

This statement is incorrect. There are several users of accounting information including investors, creditors, suppliers, customers, and employees. Additionally, accounting information is also used for decision-making, planning, and monitoring the performance of a business. While taxation officials may use accounting information for tax purposes, they are not the only users.

There Are Really Only Two Users of Accounting Information: the Business