Definition of Profit and loss

1. Noun. An account compiled at the end of an accounting period to show gross and net profit or loss.

Exact synonyms: Profit And Loss Account
Generic synonyms: Account, Account Statement, Accounting



Definition of Profit and loss

1. Noun. A profit-and-loss statement; an income statement. ¹

¹ Source: wiktionary.com

Profit And Loss Pictures

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Lexicographical Neighbors of Profit And Loss

profiling
profilings
profilins
profilist
profilometer
profilometers
profilometric
profilometries
profilometry
profinite
profit
profit-and-loss statement
profit-maximising
profit-maximizing
profit-taking
profit and loss (current term)
profit and loss account
profit margin
profit margins
profit monger
profit sharing
profit taker
profit taking
profit takings
profit warning
profit warnings
profitabilities
profitability
profitable
profitableness

Literary usage of Profit and loss

Below you will find example usage of this term as found in modern and/or classical literature:

1. The Encyclopedia Americana: A Library of Universal Knowledge (1918)
"The profit and loss statement must not be confused with the profit and loss account, which is a summary account in the general ledger, although in its more ..."

2. Middlemarch: A Study of Provincial Life by George Eliot (1873)
"But he could not manage finance : he knew values well, but he had no keenness of imagination for momentary results in the shape of profit and loss : and ..."

3. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"As explained in ยง 84 on page 67, the purpose of closing the ledger is to transfer the net profit or net loss shown by the Profit and Loss statement to the ..."

4. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"It would not do, however, to rely on not finding any evidence ; there should be affirmative proof that no liens exist. profit and loss STATEMENT A profit ..."

5. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"There is also placed upon the credit side of the Profit and Loss Account in such cases the income from other sources. On the debit side appear the expenses ..."

6. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"There is also placed upon the credit side of the Profit and Loss Account in such cases the income from other sources. ..."

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