English
Detailed Synonyms for profit and loss account in English
profit and loss account:
-
profit and loss account
-
the profit and loss account
– an account compiled at the end of an accounting period to show gross and net profit or loss 1the profit and loss account; the profit and loss– an account compiled at the end of an accounting period to show gross and net profit or loss 1 -
the profit and loss account
– A revenue or expense account whose balance will be transferred to a retained earnings account at the end of a fiscal year. Balances in profit and loss accounts determine the net income or net loss for the year. 2the profit and loss account– A revenue or expense account whose balance will be transferred to a retained earnings account at the end of a fiscal year. Balances in profit and loss accounts determine the net income or net loss for the year. 2