NOUN
- an account compiled at the end of an accounting period to show gross and net profit or loss
How To Use profit and loss In A Sentence
- If a profit and loss account were to be produced measuring the political parties' recent success in dealing with business, the bottom line would surely be zero. Times, Sunday Times
- The cost is charged directly to the profit and loss account.
- Profit and loss from war was not necessarily always a matter of individual enterprise.
- The directors recommend that £9,239,000 be transferred to the profit and loss account as set out in note 19 on page 41.
- “It’s not about profit and loss,” explains Montgomery, tutorially, implying that profit and loss is flat-footed and literal. Serious Money
- In another year, a capital receipt was credited to the profit and loss account but shown as an extraordinary item.
- The company said that these costs were expensed through the profit and loss account in the normal way and were a cost-efficient way for Elan to remunerate staff.
- I have a group of people working for me who do nothing but examine other industries, and they have been feeding me information about cinema owners' profit and loss accounts.
- The remaining notes either amplify particular profit and loss and balance sheet lines, or convey general additional data. Finance for the Non-Financial Manager
- Rental income under operating leases is hereby credited to the profit and loss account on a straight-line basis over the lease term.