The process of associating numerical amounts to the elements in the financial statements is called Measurement.
Financial statements are written facts that deliver an enterprise's commercial enterprise activities and financial performance. monetary statements are often audited by means of authorities agencies, accountants, firms, and so forth. to make sure accuracy and for tax, financing, or investing purposes.
"possibly future economic benefits obtained or managed by a particular entity because of beyond transactions." belongings. Disclosure refers to the system and extra information inside the financial statements and notes.
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