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please present clear working QUESTION 2 1. State TWO...

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Accounting

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please present clear working

QUESTION 2 1. State TWO (2) internal users and TWO (2) external users of accounting information and their information needs. (5 Marks) 2. Identify and explain four (4) elements of financial statements (10 Marks) 3. Identify FOUR (5) benefits that financial statements provide to its users.(5 marks) 4. Explain what is meant by accrual basis of accounting. (3 marks) 5. Explain what is meant by going concern basis. (2 marks) (Total: 25 Marks]

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