Profit And Loss Account

Business, Legal & 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.



Synonyms For Profit And Loss Account


income statement, profit and loss, profit or loss, profit-and-loss account, operating account

Cite Term


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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. October 25, 2020 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: October 25, 2020).
American Psychological Association (APA):
Profit And Loss Account. PayrollHeaven.com. Retrieved October 25, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/profit-and-loss-account/

Definition Sources


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

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020 | 8 Views.