Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “P and L account”

P and L account

noun [C]     (also P and L, P & L) ACCOUNTING, FINANCE
abbreviation for profit-and-loss account: Payments made under leasing arrangements should be included in a company's P and L account for the year. He called a meeting to go through the P & L.
(Definition of P and L account noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of P and L account

More Business English definitions for “P and L account”

Word of the Day

beneficiary

a person or group who receives money, advantages, etc. as a result of something else

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More