Users of the financial statements and annual reports.

Though accounting records and reports a company’s transactions, many different parties benefit from this information. These individuals — called financial statement users

Shareholders of the company

The company owners, want to assess how well the management is performing. they want to know how profitable the company's operations are and so the potential for dividend payments as well as whether their investment is sound.

Useful English words for international business part 2

Consumer Associations

Consumer Price Index

Consumer Sovereignty

Control Methods

Conversion

Copyrights

Books of Account

Books of Prime Entry.

Books of prime entry are the initial accounting records where business transactions are first recorded before they are transferred to the general ledger. They are also known as "journals." The purpose of these books is to provide a chronological record of transactions, which makes it easier to later transfer the information into the general ledger.

Cash Book 

‘T’ form cash book contains two sides: the left-hand side means the debit side and the right-hand side means the credit side. The primary book where transactions regarding cash receipts and payments are recorded in chronological order of dates with explanations and balance is drawn at the end of the day or a particular period is called cash book.