profit and loss account

American  

noun

1. income account.

---

Etymology

Origin of profit and loss account

First recorded in 1720–30

Example Sentences

See Examples For:

profit and loss account

"How can anybody factor that in to their profit and loss account? To pick a figure out of the air, and say you've got to pay it, I think is unfair."

From BBC ● Nov. 12, 2022

To make this practical, Haier has broken down its 80,000 workforce into hundreds of internal micro companies, each with a profit and loss account even when they are only supplying internal corporate customers.

From BBC ● Oct. 22, 2013

At any rate, we've had such a profitable year at Brookside, I guess we can afford to charge Jerry to the profit and loss account.

From Hidden Treasure by John Thomas Simpson

It barely paid its own operating expenses in summer, and the costly snow blockades in winter went to the wrong side of the profit and loss account.

From Empire Builders by Jay Hambidge

Examine your profit and loss account before you go out to conquer the financial world, and then go out for conquest—if the account justifies the enterprise.

From Success (Second Edition) by Max Aitken, Baron Beaverbrook