income statement

noun

1. an accounting of income and expenses that indicates a firm's net profit or loss over a certain period of time, usually one year.

Example Sentences

CEOs and CFOs are now held personally accountable for the truth of what goes on the income statement and balance sheet.

From Time

Your income statements could affect your neighbor’s ability to obtain a loan.

From MIT Technology Review

That's why their approach is focused on the household income statement.

From The Daily Beast