income account

noun

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

called also income statement

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.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20account. Accessed 15 Jul. 2024.

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