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Financial Accounting, End Term

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Question 1

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Which of the following best explains why different users rely on accounting information?

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A.
Managers use accounting information only to calculate taxes
B.
Investors, creditors, and managers use accounting information for decision- making related to the company
C.
Creditors use accounting information only to determine employee salaries
D.
Investors use accounting information only to record daily transactions

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Which of the following best explains why different users rely on accounting information? A company purchased machinery for ₹180,000, sold equipment for ₹62,000, and purchased long- term investments for ₹40,000. What is the net cash flow from investing activities? Figure from the original question paper