Which Stakeholder Group Would Be Most Interested In?

Who are the users of accounting information class 11?

Examples of internal users are owners, managers, and employees.

External users are people outside the business entity (organization) who use accounting information.

Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities..

Which stakeholder would be most interested in the liquidity of a company?

Liquidity Short-term creditors such as banks and financial institutions are primarily concerned with whether a company will be able to repay short-term borrowings such as loans and notes. As such, they are most interested in evaluating a company’s ability to convert assets into cash, which is called liquidity.

Are the identifying recording and communicates the relevant reliable and comparable information important ingredients of the accounting?

Accounting is an information and measurement system that identifies, records, and communicates relevant, reliable, and comparable information about an organization’s business activities.

What are the 3 definitions of accounting?

Johnson; “Accounting may be defined as the collection, compilation and systematic recording of business transactions in terms of money, the preparation of financial reports, the analysis and interpretation of these reports and the use of these reports for the information and guidance of management”.

What account means?

Definition: An account is a record in an accounting system that tracks the financial activities of a specific asset, liability, equity, revenue, or expense. … Each individual account is stored in the general ledger and used to prepare the financial statements at the end of an accounting period.

What is real account?

A real account is a general ledger account that does not close at the end of the accounting year. In other words, the balances in the real accounts are carried over to become the beginning balances of the next accounting period. Real accounts are also referred to as permanent accounts.

Which stakeholder group would be most interested in profitability and share performance?

Shareholders are interested in financial statement analysis to know the profitability of the organization. Profitability shows the growth potentiality of an organization and safety of investment of shareholders.

Which stakeholder group would be most interested in the VAT and other tax liabilities of the firm?

Introduction to AccountingWhich stakeholder group…would be most interested in(Government and other regulators)(a) the VAT and other tax liabilities of the firm.(Management)(b) the potential for pay awards and bonus deals(Social responsibility groups)(c) the ethical or environmental activities of the firm3 more rows

What are the processes of accounting?

The accounting cycle, also commonly referred to as accounting process, is a series of procedures in the collection, processing, and communication of financial information. As defined in earlier lessons, accounting involves recording, classifying, summarizing, and interpreting financial information.

What is the amount of capital with which Mr Sunrise started business?

Rs.5,00,000Sunrise started business is Rs. 5,00,000.

Which stakeholder group would be most interested in knowing the long term solvency position of the firm?

Debenture holders: Debenture holders are the lenders or creditors of the company. They want to know the short term and long term solvency position of the company.

What are key stakeholders in a business?

The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers. However, with the increasing attention on corporate social responsibility, the concept has been extended to include communities, governments, and trade associations.