Profit and loss account
volume
British pronunciation/pɹˈɒfɪt and lˈɒs ɐkˈaʊnt/
American pronunciation/pɹˈɑːfɪt ænd lˈɔs ɐkˈaʊnt/

Definition & Meaning of "profit and loss account"

Profit and loss account
01

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

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