profit and loss
noun
: a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown
Examples of profit and loss in a Sentence
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The profit and loss statement shows your profit or loss over a period, the balance sheet shows the value of your business and account balances, and the cash flow statement tracks the inflow and outflow of cash.
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Karla Dennis, Forbes, 4 Dec. 2024
First, transfer income and spending contribute to a club’s profit and loss account at the end of the tax year, where any profits are subject to corporation tax.
—Peter Rutzler, The Athletic, 14 Aug. 2024
This approach can add clarity to your profit and loss statements, enabling better market responsiveness.
—Oleg Chanchikov, Forbes, 5 Nov. 2024
This page displays cash flow, expense charts, and profit and loss.
—PCMAG, 23 Oct. 2024
See all Example Sentences for profit and loss 
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Karla Dennis, Forbes, 4 Dec. 2024
First, transfer income and spending contribute to a club’s profit and loss account at the end of the tax year, where any profits are subject to corporation tax.
—Peter Rutzler, The Athletic, 14 Aug. 2024
This approach can add clarity to your profit and loss statements, enabling better market responsiveness.
—Oleg Chanchikov, Forbes, 5 Nov. 2024
This page displays cash flow, expense charts, and profit and loss.
—PCMAG, 23 Oct. 2024
See all Example Sentences for profit and loss
Dictionary Entries Near profit and loss
Cite this Entry
“Profit and loss.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20and%20loss. Accessed 22 Dec. 2024.
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