Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “income and expenditure account”

income and expenditure account

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. → Compare profit-and-loss account
(Definition of income and expenditure account noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of income and expenditure account

Word of the Day


a person or group who receives money, advantages, etc. as a result of something else

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More