Choose a description in COLUMN B that matches the user of financial statements in COLUMN A - NSC Accounting - Question 5 - 2018 - Paper 1
Question 5
Choose a description in COLUMN B that matches the user of financial statements in COLUMN A. Write only the letters (A to D) next to the question numbers (5.1.1 to 5.... show full transcript
Worked Solution & Example Answer:Choose a description in COLUMN B that matches the user of financial statements in COLUMN A - NSC Accounting - Question 5 - 2018 - Paper 1
Step 1
5.1.1 Trade unions
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Answer
C) monitor whether their members are paid fairly
Step 2
5.1.2 SARS
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D) need to be assured that income tax is levied on the net profit correctly
Step 3
5.1.3 Shareholders
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Answer
A) want to be assured that their investment in the company is used wisely
Step 4
5.1.4 Directors
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B) use the financial statements to make decisions to manage the company
