income statement

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. . 2008.


income statement
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.

income statement
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 transformed into net income (the result after accounting for all revenues and expenses). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


income statement
n. An accounting document setting forth the income and expense of a business organization over some period of time.

Webster's New World Law Dictionary. . 2000.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • income 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 …   English World dictionary

  • Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts  …   Wikipedia

  • income 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 * * *… …   Financial and business terms

  • 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 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

  • 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 — pajamų ataskaita statusas T sritis Gynyba apibrėžtis Ataskaita, kurioje nurodomas bendrųjų įplaukų ir bendrųjų išlaidų sumų skirtumas. atitikmenys: angl. income statement šaltinis NATO mokymų ir pratybų finansavimo terminų žodynas AAP 43(1), 2009 …   Lithuanian dictionary (lietuvių žodynas)

  • 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 — engl. für ⇡ Gewinn und Verlustrechnung (GuV). Vgl. auch ⇡ Statement of Income …   Lexikon der Economics

  • income statement — noun see income account …   New Collegiate Dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”