profit and loss account

1. 1.

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

   Synonymsprofit and loss

   Broaderaccount

Questions about profit and loss account

What does profit and loss account mean?

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

What is another word for profit and loss account?

Close synonyms include profit and loss. Each sense on this page lists its own synonyms, because a word with several meanings rarely has one substitute that works for all of them.

Is profit and loss account a common word?

profit and loss account is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.