Ask Question
11 October, 19:08

Managerial accounting reports and information are used by external users and financial accounting by internal users. true or false

+3
Answers (1)
  1. 11 October, 22:08
    0
    False

    Explanation:

    Information from Management accounting is only used for the internal decision making and it is not required by law to issue these reports to external Stakeholders of the company. On the other hand information from Financial accounting is used by the internal and external stakeholder and it is required by law to issue the financial reports to them.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Managerial accounting reports and information are used by external users and financial accounting by internal users. true or false ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers