Income Statement Definition
noun
A financial statement that summarizes the various transactions of a business during a specified period, showing the net profit or loss; profit and loss statement.
Webster's New World
An accounting document setting forth the income and expense of a business organization over some period of time.
Webster's New World Law
Synonyms:
- profit and loss statement
- operating statement
- earnings report
Other Word Forms of Income Statement
Noun
Singular:
income statementPlural:
income statementsRelated Articles
Find Similar Words
Find similar words to income statement using the buttons below.