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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https://payrollheaven.com/define/profit-and-loss-account/
Modern Language Association (MLA):
Profit And Loss Account. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 20, 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: November 20, 2019).
American Psychological Association (APA):
Profit And Loss Account. PayrollHeaven.com. Retrieved November 20, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/profit-and-loss-account/

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