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profit and loss account

   Also found in: Financial, Encyclopedia, Wikipedia, Hutchinson 0.07 sec.
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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
account statement, accounting, account - a statement of recent transactions and the resulting balance; "they send me an accounting every month"


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It is equally true that on some islands, such as Malaita, the profit and loss account of social intercourse is calculated in homicides.
When the last 'natural' had been declared, and the profit and loss account of fish and sixpences adjusted, to the satisfaction of all parties, Mr.
 
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