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.


Cite Term

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Page URL
Modern Language Association (MLA):
Substance (Economic). Payroll & Accounting Heaven Ltd. February 28, 2020
Chicago Manual of Style (CMS):
Substance (Economic). Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Substance (Economic). Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Substance (Economic) 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: 23rd December 2018.