profit and loss
noun Date: 1588 a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown

New Collegiate Dictionary. 2001.

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  • profit and loss — noun an account compiled at the end of an accounting period to show gross and net profit or loss (Freq. 1) • Syn: ↑profit and loss account • Hypernyms: ↑account, ↑accounting, ↑account statement * * * noun …   Useful english dictionary

  • profit and loss — noun A profit and loss statement; an income statement. Syn: P and L, P L …   Wiktionary

  • profit and loss — noun the income and expenditure arising from commercial or other transactions, applied especially to an accounting statement for a business over a stated period. –profit and loss, adjective …   Australian English dictionary

  • profit and loss — prof′it and loss′ n. bus the gain and loss arising from commercial transactions, esp. as shown on a balance sheet • Etymology: 1580–90 …   From formal English to slang

  • profit and loss — the gain and loss arising from commercial or other transactions, applied esp. to an account or statement of account in bookkeeping showing gains and losses in business. [1580 90] * * * …   Universalium

  • profit and loss — accounting made of total monies made and lost …   English contemporary dictionary

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  • profit and loss statement — index ledger Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss statement …   Law dictionary

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