Difference between revisions of "Classification"
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== Definition == | == Definition == | ||
− | '''Classification''' | + | '''Classification''' means |
− | presentation and disclosure purposes. | + | * in accounting context, is the sorting of assets, liabilities, equity, income or expenses on the basis of shared characteristics for presentation and disclosure purposes. |
+ | * in statistical context it is the assignment of a concept or instance in a [[Taxonomy]] class. | ||
[[Category:Accounting]] | [[Category:Accounting]] | ||
+ | [[Category:Statistics]] |
Latest revision as of 13:49, 18 October 2021
Definition
Classification means
- in accounting context, is the sorting of assets, liabilities, equity, income or expenses on the basis of shared characteristics for presentation and disclosure purposes.
- in statistical context it is the assignment of a concept or instance in a Taxonomy class.