Tag Archives: accounting

Financial Statements Definition Explained

Financial statements explanation, financial statements definition, financial statements analysis, financial statements accounting, definition of financial statements, Income Statement definition, Owner’s Equity Statement definition, Cash flow statement definition, Balance sheet definition

Financial Statements Definition Explained   For a certain time period every entity has to take into account their transactions and calculate their profit or loss. The target is not only to find out the result of their business activity but also to find out their financial position. That’s where financial statements come into play. All of […]

Accounting Concepts Definitions Part : 3 ( Money Measurement Concept ,Reliability Concept )

accounting Concepts

Money measurement concept and Reliability Concept 4. Money Measurement Concept Accounting concept stands on 4 basic ones and money measurement concept is one of them. money measurement concept state- “ Any transaction which can be measured in monetary value and are relevant to business transactions, will be recorded and anything otherwise will be left out of the […]