|
|
Definition of Profit and loss
1. Noun. An account compiled at the end of an accounting period to show gross and net profit or loss.
Definition of Profit and loss
1. Noun. A profit-and-loss statement; an income statement. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Profit And Loss
Literary usage of Profit and loss
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
account, which is a summary account in the general ledger, although in its more ..."
2. Middlemarch: A Study of Provincial Life by George Eliot (1873)
"But he could not manage finance : he knew values well, but he had no keenness of
imagination for momentary results in the shape of profit and loss : and ..."
3. 20th Century Bookkeeping and Accounting: A Treatise on Modern Bookkeeping by James Williams Baker (1918)
"As explained in § 84 on page 67, the purpose of closing the ledger is to transfer
the net profit or net loss shown by the Profit and Loss statement to the ..."
4. Auditing Theory and Practice by Robert Hiester Montgomery (1912)
"It would not do, however, to rely on not finding any evidence ; there should be
affirmative proof that no liens exist. profit and loss STATEMENT A profit ..."
5. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"There is also placed upon the credit side of the Profit and Loss Account in such
cases the income from other sources. On the debit side appear the expenses ..."
6. Accounting in Theory and Practice: A Text-book for the Use of Accountants by George Lisle (1906)
"There is also placed upon the credit side of the Profit and Loss Account in such
cases the income from other sources. ..."
Other Resources:
