statement of income and expenses
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Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
income statement — an accounting of income and expenses that indicates a firm s net profit or loss over a certain period of time, usually one year. * * * In accounting, the activity oriented financial statement issued by businesses. Covering a specified time, such… … Universalium
income statement — noun a financial statement that gives operating results for a specific period • Syn: ↑earnings report, ↑operating statement, ↑profit and loss statement • Hypernyms: ↑statement, ↑financial statement * * * noun see … Useful english dictionary
income statement — n. A statement of financial gains and losses over a twelve month period; also called earnings report, operating statement, profit and loss statement. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… … Law dictionary
statement of operations — USA income statement, Also known as a profit and loss statement or a statement of operations. A financial statement for companies that indicates how revenue (money received from the sale of products and services before expenses are taken out) is… … Law dictionary
income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income … Black's law dictionary
income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income … Black's law dictionary
Income Statement — A financial statement that measures a company s financial performance over a specific accounting period. Financial performance is assessed by giving a summary of how the business incurs its revenues and expenses through both operating and non… … Investment dictionary
Income trust — An income trust is an investment trust that holds income producing assets. The term also designates a legal entity, capital structure and ownership vehicle for certain assets or businesses. Its shares or trust units are traded on securities… … Wikipedia
income account — noun 1. : an account in which items of income or revenue are recorded 2. or income statement : a financial statement of a business showing the details of revenues, costs, expenses, losses, and profits for a given period grouped under appropriate… … Useful english dictionary
income Statement — An accounting summary of the results of operations of an organization or individual for a defined time period. An income statement establishes *net income from *revenues and *expenses, in line with the conventions of *double entry bookkeeping and … Auditor's dictionary
