• synonyms

profit and loss

  1. 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.
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Origin of profit and loss

First recorded in 1580–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for profit and loss

Historical Examples

  • This, too, was one of the items in the profit-and-loss column of his experiments.

    The Imitator

    Percival Pollard

  • The profit-and-loss account in the long run always balances.

    The Breath of Life

    John Burroughs

  • They keep a weather eye on the profit-and-loss account, and retire like thrifty traders on a well-earned competency.

British Dictionary definitions for profit and loss

profit and loss

  1. 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
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012