What is BASIC FINANCIAL STATEMENTS?

A report made the way the GAAP dictates it should be. It is used to evaluate operations. This can be a balance sheet, income statement, or cashflow statement.

More On This Topic



Link to This Definition
Did you find this definition of BASIC FINANCIAL STATEMENTS helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary