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Question
Why is the following party interested in accounting information?
Government
Short Note
Solution
Government: The scarce resources of the country are used by business enterprises. Information about the performance of business units in different industries helps the government in policy formation for the development of trade and industry, allocation of scarce resources, grant of subsidy, etc.
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Users of Accounting Information
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Chapter 1: Introduction to Accounting - Short answer questions [Page 13]
