Words / I / Business

income statement

noun

B1CEFR level
20/100Rarity: fairly common
TechnicalRegister

A financial statement showing a company's revenues, expenses and resulting profit or loss over a period.

The income statement shows healthy revenue growth but the operating costs are climbing just as fast.

Similar: profit and loss account, P&L

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting