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Why creditors use accounting information?
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
Who are the primary users of financial accounting information?
creditors
What is most likely to be a user of information in a managerial accounting setting?
Creditors
Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Who is served by accounting and how do they benefit?
creditors,stockholders,government agencies and the general public.
Why creditors use accounting information?
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
Who are the primary users of financial accounting information?
creditors
What is most likely to be a user of information in a managerial accounting setting?
Creditors
Importance of accounting information to government?
shareholders,creditors,suppliers,managers,investors,public and customers need accounting information for?
Who is served by accounting and how do they benefit?
creditors,stockholders,government agencies and the general public.
Why does accounting exist?
Accounting exists to report financial numbers of a business to external users like creditors, shareholders, and suppliers.
What happens if the creditor does not charge off a debt after a chapter 13?
Charge off is an accounting term referring to entries made on the creditors accounting books. His accounting makes no difference to the debtor.
List 6 users of accounting information?
1 - Financial institutions 2 - Creditors 3 - Banks 4 - Public 5 - Creditors 6 - Investors
Which group uses accounting information to determine whether the company may pay its obligations?
creditors
What stage of accounting is known as accounts payable?
Accounts payable is money owed by a company to its creditors.
What is Provision for expenses?
I the old days a provision for expenses was an expense accrual that was not posted to creditors but to a liablity provision line. This is a reminiscence of tax accounting. I the old days a provision for expenses was an expense accrual that was not posted tno creditors but to a liablity provision line. This is a reminiscence of tax accounting.
Who are the user's of accounting information?
The users of accounting information include tax specialists, bookkeepers, and most business owners. Accounting information is also used by the IRS and the federal government.
