Meaning of “P and L account” in the English Dictionary

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"P and L account" in Business English

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P and L accountnoun [ C ]

uk us 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” from the Cambridge Business English Dictionary © Cambridge University Press)