PROFIT AND LOSS ACCOUNT

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does profit and loss account mean? 

• PROFIT AND LOSS ACCOUNT (noun)
  The noun PROFIT AND LOSS ACCOUNT has 1 sense:

1. an account compiled at the end of an accounting period to show gross and net profit or loss

  Familiarity information: PROFIT AND LOSS ACCOUNT used as a noun is very rare.

 Dictionary entry details 

• PROFIT AND LOSS ACCOUNT (noun)

Sense 1

Meaning:

An account compiled at the end of an accounting period to show gross and net profit or loss

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

profit and loss; profit and loss account

Hypernyms ("profit and loss account" is a kind of...):

account; account statement; accounting (a statement of recent transactions and the resulting balance)