income account

noun

an account maintained for a particular item of revenue or income.
Also called profit and loss account. a summary account for income and expenditures, used in closing the ledger.

Origin of income account

¹

First recorded in 1865–70

Words Nearby income account

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use income account in a sentence

For the sake of lucidity, I keep the expense account and the income account distinct.
The Teacher | George Herbert Palmer
The income account of the Nation is in a most satisfactory condition.
State of the Union Addresses of Theodore Roosevelt | Theodore Roosevelt

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