Definitions
There is 1 meaning of the phrase
Profit And Loss Account.
Profit And Loss Account - as a noun
An account compiled at the end of an accounting period to show gross and net profit or loss
Synonyms (Exact Relations)
profit and lossExample Sentences
"The company's profit and loss account shows a significant increase in revenue for the year."
"It is important for businesses to accurately maintain their profit and loss accounts."
"The profit and loss account revealed a loss for the previous quarter."
"The auditors reviewed the company's profit and loss account to assess its financial performance."
"Management presented the profit and loss account during the annual shareholders' meeting."
