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profit and loss account
(redirected from profit and loss accounts)

   Also found in: Legal 0.01 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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The assembly also approved the balance sheet and profit and loss accounts of the company for the same period.
If the loan is applied for an existing company in active operations, company financial statements, including profit and loss accounts, balance sheets and the net worth reconciliation record should be included in the loan proposal.
Business software can do away with any type of business activity such as cash transactions, receipts, issues, returns, rejections, interests, and depreciation, which entail final accounts, profit and loss accounts, balance-sheet etc.
 
 
 
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