income account
Americannoun
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an account maintained for a particular item of revenue or income.
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Also called profit and loss account. a summary account for income and expenditures, used in closing the ledger.
Etymology
Origin of income account
First recorded in 1865–70
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
With all of this, is any offshore income, account or trust still secret?
From Forbes ● Oct. 23, 2013
The figure that makes all the headlines is the "administrative budget," but the best indicator of how much the Government is spending is the "national income account budget."
From Time Magazine Archive
Last week, with the appearance of the 1929 balance sheet and income account, statisticians were trying to figure out just what Ford Motor Co. would cost now.
From Time Magazine Archive
But for the last two years President Behn has had to leave Spain out of his income account.
From Time Magazine Archive
The result of the incorrect accounting," said the Commissioner, "was that the Missouri Pacific presented a false record of its current assets, of its liabilities and of its income account.
From Time Magazine Archive
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Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
