profit-and-loss account
noun[C]
UKukus(abbreviationP and L account,P and L,P & L);(alsorevenue account);(USprofit and loss statement)ACCOUNTING,FINANCE
adocumentthatshowsa company'sprofitorlossin aparticularperiod:
Thislosswould beshownas achargein theprofitandlossaccount.
See also
earnings report
income statement
Compare
income and expenditure account