profit-and-loss account Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “profit-and-loss account” in the English Dictionary

"profit-and-loss account" in Business English

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profit-and-loss accountnoun [C]

uk   us   UK (abbreviation P and L account, P and L, P & L, also revenue account, US profit and loss statement)
ACCOUNTING, FINANCE a ​document that ​shows a company's ​profit or ​loss in a particular ​period: This ​loss would be shown as a ​charge in the ​profit and ​lossaccount.
(Definition of profit-and-loss account from the Cambridge Business English Dictionary © Cambridge University Press)
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