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ScotlandAccountingQuick questions

Financial Accounting

Quick questions on Purpose of accounting and users of accounting information - SQA National 5 Accounting

3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?
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State two internal users of a business's accounting information. [2 marks]
What is q2?
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Give one reason a supplier needs a customer's accounting information. [2 marks]
What is q3?
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Explain one difference between financial accounting and management accounting. [2 marks]

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