What does abbreviated accounts mean?

abbreviated accounts meaning in Law Dictionary

simplified financial statement that a specific small firm is allowed to lodge. It's recorded because of the registrar of businesses in britain. Very nearly 1 / 2 of the active UK corporations have plumped for abbreviated makes up their particular organizations. Another term for abridged reports.

abbreviated accounts meaning in Business Dictionary

reduced but audited statement of finance that a qualifying tiny or medium firm is allowed to submit with registrar of businesses in the united kingdom. About 45 % associated with active UK firms have actually chosen abbreviated accounts. See also abridged records.