PROFIT AND LOSS ACCOUNT

Pronunciation (US): (GB):

Meaning:

An account compiled at the end of an accounting period to show gross and net profit or loss

Synonyms:

profit and loss; profit and loss account

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("profit and loss account" is a kind of...):

account; account statement; accounting (a statement of recent transactions and the resulting balance)