income and expenditure account
- income and expenditure account income and expenditure account ➔ account1
* * *income and expenditure account UK US noun [C]► ACCOUNTING a record of money received and spent by a business or organization during a particular period: »
We find, after closing up our income and expenditure account, that we have a surplus of $24K.
Financial and business terms. 2012.
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income and expenditure account — a summary account of the revenue and running costs of a non profit making concern such as a club or society. It serves the same function as a profit and loss account in business. Collins dictionary of law. W. J. Stewart. 2001 … Law dictionary
income and expenditure account — An account, similar to a profit and loss account, prepared by an organization whose main purpose is not the generation of profit. It records the income and expenditure of the organization and results in either a surplus of income over expenditure … Accounting dictionary
income and expenditure account — An account, similar to a profit and loss account, prepared by an organization whose main purpose is not the generation of profit. It records the income and expenditure of the organization and results in either a surplus of income over expenditure … Big dictionary of business and management
income and expenditure account — Fin a financial statement for nonprofit entities such as clubs, associations, and charities. It shows the surplus or deficit, being the excess of income over expenditure or vice versa, for a period, and is drawn up on the same accruals basis as a … The ultimate business dictionary
consolidated income and expenditure account — The information contained in the individual income and expenditure accounts of a group of organizations combined by consolidation into a single document for the group. This is subject to any necessary consolidation adjustments … Accounting dictionary
profit-and-loss account — UK US noun [C] UK (US profit and loss statement) ► ACCOUNTING, FINANCE a document that shows a company s profit or loss in a particular period: »This loss would be shown as a charge in the profit and loss account. → See also EARNINGS REPORT(Cf.… … Financial and business terms
receipts and payments account — Fin a report of cash transactions during a period. It is used in place of an income and expenditure account when it is not considered appropriate to distinguish between capital and revenue transactions or to include accruals … The ultimate business dictionary
profit and loss account — 1. A statement showing a company s income and expenditure over a period of time, usually one year. Part of the financial statements of the company. Dresdner Kleinwort Wasserstein financial glossary 2. A reserve in a company s balance sheet,… … Financial and business terms
profit and loss account — /ˌprɒfɪt ən lɒs əˌkaυnt/ noun the accounts for a company showing expenditure and income over a period of time, usually one calendar year, balanced to show a final profit or loss. Also called P&L account (NOTE: The US term is profit and loss… … Dictionary of banking and finance
Measures of national income and output — A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), and net national income (NNI). All are… … Wikipedia