Owners of business firms are the only people who need accounting information. Group of answer choices False True

False

Explanation:

There are basically two users who are needed the accounting information

1. External users: The internal users are the users who are outside the business entity. It comprises of suppliers, customers, government agencies, investors, financial institution, etc

2. Internal users: The internal users are the users who are inside the business entity. It comprises of owners, employees, managers. etc

Therefore, all the kind of users are needed the accounting information