Webster's Online Dictionary
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Specialty Expressions: EARNING STATEMENT

ExpressionsDomainDefinition
Earning statementBusinessAn account, the style of which varies from country to country, which sets the income of a period against the expenditure with a view to determining the profit or loss for that period. In certain countries the direct cost of and income from trading and the resultant operating profit/loss are shown in a special trading account, the balance of which is carried to the profit and loss account. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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