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The User Of Accounting Information Who Is Responsible For Overall Performance Of The Business Is The? - Erudites Academy

The user of accounting information who is responsible for overall performance of the business is the?

by | Jan 6 | Accounting WAEC | 0 comments

A. customer
B. employee
C. shareholder
D. director

Correct Answer:

Option D – director

Explanation

Directors are agents to the company. They are expected to manage the business on behave of their principal, the shareholders. As a result, they are accountable to them. To achieve accountability, the directors ensure that the business earns a profit.

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