profit-and-loss statement

Also found in: Financial.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.profit-and-loss statement - a financial statement that gives operating results for a specific periodprofit-and-loss statement - a financial statement that gives operating results for a specific period
earnings report, income statement, operating statement
financial statement, statement - a document showing credits and debits
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References in periodicals archive
If your company is already in operation, you'll need to provide a profit-and-loss statement and a balance sheet.
The do's & don't's of writing a winning business plan
The preamble defines separate financial accountability to include a profit-and-loss statement. (4) Without more guidance, however, an employer may be unsure which financial statements are necessary and what degree of detail will be required.
TEI recommends that the final regulations clarify the definition of profit-and-loss statements to provide that a pretax profit-and-loss statement (determined before interest income and expense and, at the election of the controlled group for each testing period, either before or after corporate overhead) will satisfy the requirements of separate financial accountability.
Comments on proposed QSLOB regulations under section 414(r)
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