profit and loss account

the accounts for a company showing expenditure and income over a period of time, usually one calendar year, balanced to show a final profit or loss.

Also called consolidated profit and loss account, P&L statement
Browse by Subjects
above the line
below the line expenditure
close off
charity accounts
See All Related Terms »

transfer of property
free cash flow
return on equity (ROE)
paying agent
Unbalanced Growth