Common Size Statements Definition:

Common size statement is a statement that shows the items appearing on it in percentage form as well as in dollar form. On the income statement, the percentages are based on total sales revenue; on the balance sheet, the percentages are based on total assets.

Other Related Accounting Articles:

• What are Final Accounts?
• Balance Sheet Reserve
• Pooled Cost of Funds
• Explaining Assets in terms of Accounting
• Explanation of Statement of Retained Earnings
• Vertical Analysis Definition
• Market Share
• Percentage Lease
• Income Summary Account
• Definition and explanation of cash flow statement