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profit and loss

noun
1.
the gain and loss arising from commercial or other transactions, applied especially to an account or statement of account in bookkeeping showing gains and losses in business.
Origin
1580-1590
1580-90
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for pro fit and loss

profit and loss

noun
1.
(accounting) an account compiled at the end of a financial year showing that year's revenue and expense items and indicating gross and net profit or loss
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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