profit and loss account

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Noun1.profit and loss account - an account compiled at the end of an accounting period to show gross and net profit or loss
profit and loss
account statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive
Advisory manager Perizad Dalal said: "Property investment companies could see increased volatility in the profit and loss account caused by changes in market values.
Big changes in accounting rules on investment property
The government also wants to amend the requirement that the presentation of items on the balance sheet and profit and loss account has regard to the substance of the reported arrangement.
Companies Act under review. (News Round-Up)
The group's decision not to credit a pensions contribution against its profit and loss account would also hit the full-year figure.
Interserve forecasts tough trading ahead
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