What is the meaning of profit and loss account?

Subtopics: P&L 

noun

  • An account compiled at the end of an accounting period to show gross and net profit or loss.
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). profit and loss account. Retrieved September 30, 2026, from http://smartdefine.org/profit_and_loss_account/definitions/1329552
ChicagoWordNet. 2010. "profit and loss account" http://smartdefine.org/profit_and_loss_account/definitions/1329552 (accessed September 30, 2026).
HarvardWordNet 2010, profit and loss account, Smart Define, viewed 30 September, 2026, <http://smartdefine.org/profit_and_loss_account/definitions/1329552>.
MLAWordNet. "profit and loss account" 23 October 2010. Web. 30 September 2026. <http://smartdefine.org/profit_and_loss_account/definitions/1329552>