profit and loss account BrE
profit and loss statement AmE
P&L statement
P&L account

This is also known as a profit and loss account.

Any differences are taken to the profit and loss account.

The interest is charged to the profit and loss account.

At the beginning of last season we prepared our profit and loss accounts.

See our guide on how to set up a simple profit and loss account for your business.

Show earnings per share on the face of the profit and loss account.

The profit and loss account shows the increase or decrease in the money held over the year.

Based upon your decisions, draw up a profit and loss account for 1990 using the information above.

In which period should the refund be taken to the profit and loss account?

The profit and loss account should follow the standard format.

There is no need to include a profit and loss account or file a directors' report.

Do all businesses have to produce formal profit and loss accounts?

These measurements correspond to items on a profit and loss account.

An accountant will be able to help you by looking at the business' finances, such as profit and loss accounts.

The performance of a business is measured, most obviously, in its monthly profit and loss account.

In both, the profit and loss account reflects its respective achievements.

What is the purpose of a profit and loss account and who would use it?

The company has taken advantage of the exemption from presenting its own profit and loss account.

Each hotel prepares its own profit and loss account.

The following should be disclosed on the face of the profit and loss account:

Joe decides to draw up a profit and loss account for this initial period.

"It's not just about the profit and loss account.

A profit and loss account is a summary of business transactions for a given period - normally 12 months.

Others choose to include a detailed profit and loss account as part of their computations.

This loss would be shown as a charge in the profit and loss account.