Longman Dictionary of Contemporary English
profit and loss account
noun
EXAMPLES FROM CORPUS
▪ Any loss arising should be charged in the profit and loss account.
▪ Are losses being taken and shown on the profit and loss account or balance sheet?
▪ Draw up a balance sheet and profit and loss account for Stern.
▪ How do debtors affect the profit and loss account?
▪ Other exchange gains and losses are taken to the profit and loss account.
▪ The minority interest charge in the consolidated profit and loss account was £184,000.
▪ The only difficult figure in the balance sheet, apart from the profit and loss account balance, is the minority interest.
WordNet
profit and loss account
n. an account compiled at the end of an accounting period to show gross and net profit or loss [syn: profit and loss]
Usage examples of "profit and loss account".
But seriously, Ramage, it's more important to forget the profit and loss account in a battle and think of the total effect on the enemy.
When the last 'natural' had been declared, and the profit and loss account of fish and sixpences adjusted, to the satisfaction of all parties, Mr.
The profit and loss account gave the measure of the company's difficulties with an operating deficit on voyages completed to 31st December of more than seventy thousand pounds.