An accounting concept that considers a firm (a business or an entity) to be financially separate from its owners. This...

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

The elements relating to the performance of an entity/ business are the main element headings that on the statement of...

The elements relating to the financial position of an entity/ business are the main element headings that make up the...