HyperDic: profit_and_loss_account

English > 1 sense of the expression profit and loss account:
NOUNpossessionprofit and loss account, profit and lossan account compiled at the end of an accounting period to show gross and net profit or loss
English > profit and loss account: 1 sense > noun 1, possession
MeaningAn account compiled at the end of an accounting period to show gross and net profit or loss.
Synonymprofit and loss
Broaderaccount, accounting, account statementA statement of recent transactions and the resulting balance
Spanishbalance

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