Meaning of “income and expenditure account” in the English Dictionary

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"income and expenditure account" in Business English

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income and expenditure accountnoun [ C ]

uk us

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.

(Definition of “income and expenditure account” from the Cambridge Business English Dictionary © Cambridge University Press)