Define: General Purpose Financial Statements

Business, Legal & Accounting Glossary

Definition: General Purpose Financial Statements


Quick Summary of General Purpose Financial Statements


Documents containing accounting information which would be expected to be of interest to a wide range of user groups. For a limited liability company there would be: a balance sheet, a profit and loss account, a statement of recognised gains and losses and a cash flow statement.



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General Purpose Financial Statements. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/general-purpose-financial-statements/ (accessed: April 07, 2020).
American Psychological Association (APA):
General Purpose Financial Statements. PayrollHeaven.com. Retrieved April 07, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/general-purpose-financial-statements/

Definition Sources


Definitions for General Purpose Financial Statements are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 10th August, 2019