profit and loss

noun

: a summary account used at the end of an accounting period to collect the balances of the nominal accounts so that the net profit or loss may be shown

Examples of profit and loss in a Sentence

Recent Examples on the Web
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This approach can add clarity to your profit and loss statements, enabling better market responsiveness. Oleg Chanchikov, Forbes, 5 Nov. 2024 This page displays cash flow, expense charts, and profit and loss. PCMAG, 23 Oct. 2024 The income statement, or profit and loss statement, details revenues, costs, and expenses to show whether your business was profitable during a specific period. True Tamplin, Forbes, 30 Sep. 2024 Women aren't faring much better in the other CEO feeder positions: CFO, and profit and loss (P&L) leadership roles. Kim Elsesser, Forbes, 4 Oct. 2024 See all Example Sentences for profit and loss 

Word History

First Known Use

1553, in the meaning defined above

Time Traveler
The first known use of profit and loss was in 1553

Dictionary Entries Near profit and loss

Cite this Entry

“Profit and loss.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/profit%20and%20loss. Accessed 1 Dec. 2024.

Last Updated: - Updated example sentences
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