The financial statements have been prepared in accordance with the provisions of the BBC's Charter, which requires them to be prepared in accordance with UK Generally Accepted Accounting Principles.

For example, companies must provide evidence ... not when the money actually moves into or out of the company’s bank account. The P&L statement is often the most sought-after financial document ...

General ledger accounts encompass transaction ... statements along with any footnotes in these statements. A Balance Sheet Transaction Example If a company receives payment from a client for ...