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profit and loss |
Also found in: Acronyms, Wikipedia, Hutchinson | 0.06 sec. |
profit and loss Noun Book-keeping an account showing the year's income and expense items and indicating gross and net profit or loss
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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. 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. It is equally true that on some islands, such as Malaita, the profit and loss account of social intercourse is calculated in homicides. |
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