income account

noun
1.
an account maintained for a particular item of revenue or income.
2.
Also called profit and loss account. a summary account for income and expenditures, used in closing the ledger.

Origin:
1865–70

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Your unit income account will be paid to your designated beneficiary.
For small credits or outstanding checks, it is as easy to transfer them to a
  liability account as an income account.
Ralphs also transferred these amounts into a grocery income account.
In rare instances, a retirement income account may be a defined benefit plan.
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