Define: Profit And Loss Account

UK Accounting Glossary

Definition: Profit And Loss Account


Quick Summary of Profit And Loss Account


Financial statement presenting revenues, expenses, and profit. Also called income statement.



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Profit And Loss Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 21, 2019 https://payrollheaven.com/define/profit-and-loss-account/.
Chicago Manual of Style (CMS):
Profit And Loss Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/profit-and-loss-account/ (accessed: July 21, 2019).
American Psychological Association (APA):
Profit And Loss Account. PayrollHeaven.com. Retrieved July 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/profit-and-loss-account/

Definition Sources


Definitions for Profit And Loss Account are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.