What is the meaning of BELOW THE LINE?

In accounting, denotes credits or debits affecting balance sheet accounts rather than the income statement. Extraordinary items may also appear below the net profit line in the income statement, but accounting standards-setters have increasingly favored reflecting most such items in periodic net income.

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APABarry Goldsmith. (2010). below the line. Retrieved September 21, 2026, from http://smartdefine.org/below_the_line/definitions/1148527
ChicagoBarry Goldsmith. 2010. "below the line" http://smartdefine.org/below_the_line/definitions/1148527 (accessed September 21, 2026).
HarvardBarry Goldsmith 2010, below the line, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/below_the_line/definitions/1148527>.
MLABarry Goldsmith. "below the line" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/below_the_line/definitions/1148527>