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What are the two primary external groups to which financial accounting information is directed?

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What are the two primary external groups to which financial accounting information is directed?
Answered Same Day Dec 24, 2021

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David answered on Dec 24 2021
134 Votes
What are the two primary external groups to which financial accounting
information is directed?
Financial Statements are the summary of all the financial transactions made by the
company. There are mainly four types of financial statements. They are as follows
1. Statement of Financial Position: - It is known as Balance sheet in common terms.
It reflects the assets and liabilities of the company.
2. Statement of Income or Income Statement: - It...
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