An account compiled at the end of an accounting period to show gross and net profit or loss
Synonyms:
p and l
profit and loss account
P & L
Profit-and-loss Sentence Examples
These opinions have been based primarily on detailed examination and interpretation of company balance sheets, profit and loss accounts, and payment performance.
He will be a completely gross, vulgar farmer, totally inattentive to appearances, and thinking of nothing but profit and loss.
You'll need a proforma profit and loss statement with income and profit projections forecasted out three years.
Buying an established route is a popular way of getting into the vending machine business since you can have your accountant examine the profit and loss of the business before buying it and estimate potential money to be made.
Using a sample profit and loss statement, the average small business owner can create his own using a common program such as Excel or QuickBooks.
