income statement


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

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income statement income statement statement

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income statement UK US noun [C]
FINANCE, ACCOUNTING a document that shows a company's profit or loss in a particular period of time: »

According to its income statement, the company's revenue decreased by 21.5% during the third quarter.

See also EARNINGS REPORT(Cf. ↑earnings report), PROFIT-AND-LOSS ACCOUNT(Cf. ↑profit-and-loss account)

Financial and business terms. 2012.