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profit and loss

   Also found in: Acronyms, Wikipedia, Hutchinson 0.06 sec.
profit and loss
n. Abbr. P and L
An account showing net profit and loss over a given period.
profit and loss
Noun
Book-keeping an account showing the year's income and expense items and indicating gross and net profit or loss
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.profit and loss - an account compiled at the end of an accounting period to show gross and net profit or loss
profit and loss account
account statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"


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? Mentioned in ? References in classic literature
 
The package of notes not being found when five o'clock sounded from the ponderous clock in the "drawing office," the amount was passed to the account of profit and loss.
Around The World In Eighty Days by Verne, Jules View in context
The reader may wish to see how closely Eudosia's account of profit and loss came to the fact, and I shall, consequently, make up the statement from the private books of the firm that had the honor of once owning me, viz.
Autobiography of a Pocket-Handkerchief by Cooper, James Fenimore View in context
It is equally true that on some islands, such as Malaita, the profit and loss account of social intercourse is calculated in homicides.
South Sea Tales by London, Jack View in context
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