income statement (account)
1income statement — or income account n. a financial statement that summarizes the various transactions of a business during a specified period, showing the net profit or loss; profit and loss statement …
2income statement — a financial document that shows how much money ( sales) came in and how much money (costs) was paid out. Subtracting the costs from the sales gives you your profit and all three are shown on the income statement. Glossary of Business Terms * * *… …
3income 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 …
4income statement — noun see income account …
5income statement — / ɪnkʌm ˌsteɪtmənt/ noun US a statement of company expenditure and sales which shows whether the company has made a profit or loss (NOTE: the British equivalent is profit and loss account) …
6income statement — / ɪnkʌm ˌsteɪtmənt/ noun US a statement of company expenditure and sales which shows whether the company has made a profit or loss (NOTE: The UK term is profit and loss account.) …
7income statement — In the USA, the equivalent of a UK profit and loss account …
8income statement — In the USA, the equivalent of a UK profit and loss account …
9Common Size Income Statement — An income statement in which each account is expressed as a percentage of the value of sales. This type of financial statement can be used to allow for easy analysis between companies or between time periods of a company. Common size income… …
10contribution income statement — The presentation of an income statement or profit and loss account using the marginal costing layout. In such a treatment the fixed costs are not charged to the individual products produced as in absorption costing but are treated as a deduction… …
