- profit and loss account
- profit and loss account ► NOUN ▪ an account to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss.
English terms dictionary. 2015.
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profit and loss account — index budget Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss account … Law dictionary
profit-and-loss account — UK US noun [C] UK (US profit and loss statement) ► ACCOUNTING, FINANCE a document that shows a company s profit or loss in a particular period: »This loss would be shown as a charge in the profit and loss account. → See also EARNINGS REPORT(Cf.… … Financial and business terms
profit and loss account — 1. A statement showing a company s income and expenditure over a period of time, usually one year. Part of the financial statements of the company. Dresdner Kleinwort Wasserstein financial glossary 2. A reserve in a company s balance sheet,… … Financial and business terms
profit and loss account — noun Profit and loss account is used before these nouns: ↑account … Collocations dictionary
profit and loss account. — See income account (def. 2). [1720 30] * * * … Universalium
profit and loss statement — statement of revenue and expenses showing the profit or loss for a certain period of time. Glossary of Business Terms * * * profit and loss statement UK US noun [C] US ► ACCOUNTING, FINANCE PROFIT AND LOSS ACCOUNT(Cf. ↑profit and loss account) … Financial and business terms
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 — 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
income and expenditure account — ➔ account1 * * * income and expenditure account UK US noun [C] ► ACCOUNTING a record of money received and spent by a business or organization during a particular period: »We find, after closing up our income and expenditure account, that we have … Financial and business terms
P and L account — UK US noun [C] (also P and L, P & L) ACCOUNTING, FINANCE ► ABBREVIATION for PROFIT AND LOSS ACCOUNT(Cf. ↑profit and loss account): »Payments made under leasing arrangements should be included in a company s P and L account for the year … Financial and business terms
income and expenditure account — a summary account of the revenue and running costs of a non profit making concern such as a club or society. It serves the same function as a profit and loss account in business. Collins dictionary of law. W. J. Stewart. 2001 … Law dictionary