profit and loss — n. the gain and loss as from business transactions: applied esp. to an INCOME STATEMENT (profit and loss statement) … English World dictionary
profit and loss — noun an account compiled at the end of an accounting period to show gross and net profit or loss (Freq. 1) • Syn: ↑profit and loss account • Hypernyms: ↑account, ↑accounting, ↑account statement * * * noun … Useful english dictionary
profit and loss — noun the income and expenditure arising from commercial or other transactions, applied especially to an accounting statement for a business over a stated period. –profit and loss, adjective …
profit and loss statement — index ledger Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss statement … Law dictionary
profit and loss account — P & L account 1) An account in the books of an organization showing the profits (or losses) made on its business activities with the deduction of the appropriate expenses. 2) A statement of the profit (or loss) of an organization over a financial … Accounting dictionary
profit and loss account — P & L account 1) An account in the books of an organization showing the profits (or losses) made on its business activities with the deduction of the appropriate expenses. 2) A statement of the profit (or loss) of an organization over a financial … Big dictionary of business and management
Profit and Loss Statement - P&L — A financial statement that summarizes the revenues, costs and expenses incurred during a specific period of time usually a fiscal quarter or year. These records provide information that shows the ability of a company to generate profit by… … Investment dictionary
profit and loss account formats — The four formats given for profit and loss accounts by the Companies Act (1985): • vertical format, analysing costs by type of operation and function; • vertical format, analysing costs by items of expense; • horizontal format, analysing costs by … Accounting dictionary
profit and loss appropriation account — A statement showing how the net profits or losses have been dealt with. In a company, the retained earnings brought forward is added to the net profit for the year; from this total taxation and dividends paid and proposed are deducted; other… … Accounting dictionary
profit and loss — prof′it and loss′ n. bus the gain and loss arising from commercial transactions, esp. as shown on a balance sheet • Etymology: 1580–90 … From formal English to slang
