income account


: a financial statement of a business showing the details of revenues, costs, expenses, losses, and profits for a given period

called also income statement

Example Sentences

Recent Examples on the Web The bottom fifth of households by income account for just 9% of total consumption, Ian Shepherdson, chief economist of Pantheon Macroeconomics, said. Medora Lee, USA TODAY, 1 June 2022 Your race or family income account for at least 20 percent of your health status. Robert Pearl, Forbes, 11 Oct. 2021 But, income accounts for less than half the difference in spending on children between married parents and unmarried parents who live together. Daniel Schneider, The Conversation, 17 Sep. 2019 Last year saw music sales rise by 8.1 percent to $17.3 billion and total digital income account for more than half of all trade revenue (54 percent) for the first time. Richard Smirke, Billboard, 24 Apr. 2018 The $64 billion highlighted in the report comprised $48.7 billion in the principal portion of the fund and $15.3 billion in the earnings reserve income account. Author: Elwood Brehmer, Anchorage Daily News, 8 Feb. 2018

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'income account.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1869, in the meaning defined above

Time Traveler
The first known use of income account was in 1869

Dictionary Entries Near income account

Cite this Entry

“Income account.” Dictionary, Merriam-Webster, Accessed 1 Apr. 2023.

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