income and expenditure account

Firstly, there is an extremely long lead time before a subscription increase works its way through to our income and expenditure account.

To study the annual budget, the income and expenditure accounts, and any other statements pertaining to the financial status of the Society.

A profit and loss account - or income and expenditure account if the company is not-for-profit.

The net costs of Eagle Lodges appear for the first time in the income and expenditure account and are largely attributable to setting up costs as there was little income from occupancy during 1990.

It does not therefore have commercial-type balance sheet which shows the value of those assets, nor does it take a 'depreciation' or 'leasing'charge for the use of those assets into its income and expenditure account.

Prior to 1974, hospital accounts were generally maintained only on the traditional income and expenditure account basis which showed only a 'subjective' analysis of expenditure (ie salaries for doctors, salaries for nurses, expenditure on drugs, etc).

For example it may be thought to help understanding and facilitate economic analysis if what is included under the heading of Consumption is the same in the Consumer Price Index and in the national income and expenditure accounts.

Any difference between the current year's translation of opening balances and the amounts dealt with in the previous year's consolidation may be taken to or from general reserve; income and expenditure accounts may be translated at average rates for the financial year.

Example: A sales account is opened for recording the sales of goods or services and at the end of the financial period the total sales are transferred to the revenue statement account (Profit and Loss Account or Income and Expenditure Account).

Numerous definitions of ROCE can be devised but essentially it can be defined as: The numerator in this calculation is taken from an organization's profit and loss account or income and expenditure account while the denominator is taken from the organization's balance sheet.

I certainly agree with the rapporteur when he expresses satisfaction with the spirit of constructive cooperation which has been established between the Commission and the Court of Auditors, and when he notes that the Court of Auditors' control of the consolidated income and expenditure account has improved since 1994.