Examveda
Examveda

In financial accounting, investors, banks, suppliers and government agencies are classified as

A. external parties

B. internal parties

C. environmental parties

D. transactional parties

Answer: Option A

Solution(By Examveda Team)

In financial accounting, investors, banks, suppliers and government agencies are classified as external parties. An external party can be an individual or organization that is a legal entity. If the external party is an individual, the individual may or may not be a contact for an organization.

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