Income statement

Noun

Word Frequency: 3.1

Definitions

1.NounA calculation which shows the profit or loss of an accounting unit (company, municipality, foundation etc.) during a specific period of time, providing a summary of how the profit or loss is calculated from gross revenue and expenses.

Synonyms

earnings report operating statement profit-and-loss statement profit and loss upside-down income statement account statement operating income line item cash flow financial statement profit bank statement

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