Which of the Following Would Not Be Considered an Internal

question 34

Multiple Choice

Which of the following would not be considered an internal user of accounting data?

• A)the president of a company
• B)the controller of a company
• C)a creditor of a company
• D)a salesperson of a company

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Definitions:

Purchases Account

An account used in accounting to track the total cost of goods and materials purchased for production or sale.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a deduction from a company's revenue.

Cash Payments Journal

This is a special journal used in accounting to record all cash outflows or payments made by the business, including expenses, creditor payments, and cash purchases.

Payment Salaries

The process of disbursing funds to employees as compensation for their work over a certain period.