profit and loss statement
detailing of all money made or lost by a business during a set period (Accounting) | ||||
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Profit-and-loss statement definition was found in categories: Business & Finance(2) Language, Idioms & Slang(2) Encyclopedia(1)
Profit-and-loss statement Definition from Business & Finance Dictionaries & Glossaries
| MONASH Marketing Dictionary |
Profit and Loss Statement
an accounting statement showing income, expenditure and profit over a given period.
an accounting statement showing income, expenditure and profit over a given period.
| Raynet Business & Marketing Glossary |
Profit and Loss Statement
listing of income, expenses, and the resulting net profit or loss;also called an income statement; obligatory for UK companies to produce every year.
listing of income, expenses, and the resulting net profit or loss;also called an income statement; obligatory for UK companies to produce every year.
Profit-and-loss statement Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
profit-and-loss statement
Noun
1. a financial statement that gives operating results for a specific period
(synonym) income statement, earnings report, operating statement
(hypernym) statement, financial statement
Noun
1. a financial statement that gives operating results for a specific period
(synonym) income statement, earnings report, operating statement
(hypernym) statement, financial statement
| hEnglish - advanced version |
profit-and-loss statement
profit-and-loss statement
n : a financial statement that gives operating results for a specific period [syn: income statement, earnings report , operating statement]
profit-and-loss statement
n : a financial statement that gives operating results for a specific period [syn: income statement, earnings report , operating statement]
Profit-and-loss statement Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Income statement
An Income Statement, also called a Profit and Loss Statement (P&L), is a financial statement for companies that indicates how Revenue (money received from the sale of products and services before expenses are taken out, also known as the "top line") is transformed into net income (the result after all revenues and expenses have been accounted for, also known as the "bottom line"). The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
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