44 HASKINS & SELLS June
Grasping the Significance
FINANCIAL statements have attained
a standing which no longer requires
discussion as to their place and purpose.
They are by force of circumstances technical.
They deal with the status and use of
business capital, or of funds, which serve
as the medium for the transaction of business.
Through their large and frequent
use they have become generally familiar to
those who have occasion to consult and use
