Define: Substance (Economic)

UK Accounting Glossary

Definition: Substance (Economic)

Quick Summary of Substance (Economic)

Information in the financial statements should show the economic or commercial substance of the situation.

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Modern Language Association (MLA):
Substance (Economic). Payroll & Accounting Heaven Ltd. November 15, 2019
Chicago Manual of Style (CMS):
Substance (Economic). Payroll & Accounting Heaven Ltd. (accessed: November 15, 2019).
American Psychological Association (APA):
Substance (Economic). Retrieved November 15, 2019, from website:

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This glossary post was last updated: 23rd December 2018.