Start learning →

Financial accounting reports are mainly meant for which group?

AOnly the firm's own staff
BInternal departmental heads
CExternal users like investors
DThe firm's cost accountants
Answer & Solution
Correct answer: C. External users like investors
Financial accounting reports an organisation's results to outsiders such as investors, creditors and regulators.
Practise this question with Quill — CA Foundation →

Keep practising Accounting Concepts

Browse all Accounting Concepts questions for CA Foundation, or explore more Accounting topics.

Start a Accounting Concepts lesson →
Related questions