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
pretax profit margin
capitalisation of costs
unexpired cost
consolidated profit and loss account
above the line
See All Related Terms »

expert system
tax haven
return on equity (ROE)
direct debit