Lexic.us

Definition of Profit-and-loss statement

1. Noun. A financial statement that gives operating results for a specific period.

Lexicographical Neighbors of Profit-and-loss Statement

Literary usage of Profit-and-loss statement

Below you will find example usage of this term as found in modern and/or classical literature:

1. The Encyclopedia Americana: A Library of Universal Knowledge (1918)
"The profit and loss statement must not be confused with the profit and loss ... The profit and loss statement may be exhibited in either the account or the ..."

2. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"The statement of the facts in connection with ascertaining the gross profit on sales is usually made a part of the Profit and Loss statement, but may be ..."

3. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"PROFIT AND LOSS STATEMENT A profit and loss statement is one which assembles ... The profit and loss statement may be divided into as many sections as are ..."

4. Auditing: Theory and Practice by Robert Hiester Montgomery (1916)
"PROFIT AND LOSS STATEMENT A profit and loss statement is one which assembles all of the income and expenses, or gains and losses, for a stated period. ..."

5. Cost Accounting, Theory and Practice by Jerome Lee Nicholson (1913)
"Monthly Profit and Loss Statement (Form 68) The nature and size of the business, as well as the scope and type of the accounting system, will largely ..."

6. Cost Accounting: Principles and Practice by John Packard Jordan, Gould Leach Harris (1920)
"Profit and Loss Statement The profit and loss statement is shown in condensed form on page 314. Here again, the device of subsidiary statements is used, ..."

7. Business Administration by Leon Carroll Marshall (1921)
"WHAT THE PROFIT AND LOSS STATEMENT SHOWS A1 The examination of the profit and loss ... Let us now inspect the profit and loss statement of A, B and Company, ..."

8. Accounting Theory and Practice by Roy Bernard Kester (1917)
"Two Forms for the Profit and Loss Statement The statement of profit and loss may also be ... The two forms given below illustrate. Profit and Loss Statement ..."

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