profit-and-loss accountnoun [ C ]
ukusUK abbreviation P and L account, P and L, P & L, also revenue account, US profit and loss statementACCOUNTING, FINANCE a document that shows a company's profit or loss in a particular period:
This loss would be shown as a charge in the profit and loss account.
See also
earnings report
income statement
Compare
income and expenditure account