profit and loss account

American  

noun

1. income account.

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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

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

An established newspaper is entitled to fix its advertising rates so that its net receipts from circulation may be left on the credit side of the profit and loss account.

From Public Opinion by Walter Lippmann

So the cowman rode away with a pleased expression on his face, but there is a profit and loss account in all things.

From Cattle Brands A Collection of Western Camp-fire Stories by Andy Adams