profit and loss
noun
the gain and loss arising from commercial or other transactions, applied especially to an account or statement of account in bookkeeping showing gains and losses in business.
Origin of profit and loss
First recorded in 1580–90
Words nearby profit and loss
profile drag,
profiler,
profiling,
profilometer,
profit,
profit and loss,
profit and loss account,
profit center,
profit centre,
profit margin,
profit motive
Example sentences from the Web for profit and loss
They keep a weather eye on the profit-and-loss account, and retire like thrifty traders on a well-earned competency.
The profit-and-loss account in the long run always balances.
The Breath of Life |John BurroughsThis, too, was one of the items in the profit-and-loss column of his experiments.
The Imitator |Percival Pollard
British Dictionary definitions for profit and loss
profit and loss
noun
accounting
an account compiled at the end of a financial year showing that year's revenue and expense items and indicating gross and net profit or loss