General Purpose Financial Statements

Business, Legal & Accounting Glossary

Definition: General Purpose Financial Statements


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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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 | 0 Views.