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profit and loss
[ prof-it uhn laws, los ]
noun
, Business.
- 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.
profit and loss
noun
- 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
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Word History and Origins
Origin of profit and loss1
First recorded in 1580–90
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Example Sentences
They keep a weather eye on the profit-and-loss account, and retire like thrifty traders on a well-earned competency.
From Project Gutenberg
This, too, was one of the items in the profit-and-loss column of his experiments.
From Project Gutenberg
The profit-and-loss account in the long run always balances.
From Project Gutenberg
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