profit-and-loss statement


Also found in: Thesaurus, Medical, Legal, Financial.
Related to profit-and-loss statement: income statement
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
financial statement, statement - a document showing credits and debits
References in periodicals archive ?
The preamble defines separate financial accountability to include a profit-and-loss statement.
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.
Divisional profit-and-loss statements may have multiple formats within a single business line that crosses over multiple partnerships or corporations, some of which may not be controlled.