profit and loss

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.

1580–90 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
profit and loss
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 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
Close all profit and loss accounts to a single retained earnings account in
  total for a business unit.
All other items of profit and loss recognized during a year shall be included
  in the determination of net income for that year.
Each member reports individual share of profit and loss on their individual
  income tax returns.
But, unlike hedge funds, sovereign-wealth funds are not necessarily driven by
  the pressures of profit and loss.
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