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profit and loss account

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Word History and Origins

Origin of profit and loss account1

First recorded in 1720–30

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Example Sentences

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

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

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gallimaufry

[gal-uh-maw-free ]

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profit and lossprofit center