pro-fit loss accounts

profit and loss account

noun
income account ( def 2 ).

Origin:
1720–30

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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WordNet
profit and loss account

noun
an account compiled at the end of an accounting period to show gross and net profit or loss [syn: profit and loss
WordNet® 3.0, © 2006 by Princeton University.
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