profit and loss


Definition of profit and loss

: 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 Like profit and loss, sustainability is a lens that companies need to embrace and become adept at using. Jon Chorley, Forbes, 29 June 2021 Both Chenault and Frazier proved to be astute businessmen, their success at major public companies judged mostly by the cold numbers on profit and loss statements. Washington Post, 4 May 2021 Back in January, valuation swings in the like of GameStop GME and AMC were interesting to watch and sources of profit and loss for many investors. Simon Moore, Forbes, 3 June 2021 Many of them have hung out their own shingles, using their slide rules to calculate profit and loss while the exciting deals are done by machine. Bob Ivry, Town & Country, 3 June 2021 And taking on such major P&L, or profit and loss, responsibility is a critical step for any CEO candidate. Emma Hinchliffe, Fortune, 19 May 2021 Historically, business systems such as ERP, primarily focused on tracking a company’s material and value flows to calculate profit and loss and the state of the balance sheet. Simon Carpenter, Forbes, 12 May 2021 Give them a structure that provides upside, irrespective of the parent’s profit and loss. Neil Senturia, San Diego Union-Tribune, 26 Apr. 2021 The story of American finance in the past 100 years is the story of the accretion of government power over money and banking and the reciprocal loss of individual responsibility for profit and loss. James Grant, WSJ, 7 May 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'profit and loss.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of profit and loss

1553, in the meaning defined above

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The first known use of profit and loss was in 1553

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Dictionary Entries Near profit and loss


profit and loss

profit and loss statement

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Statistics for profit and loss

Last Updated

24 Jul 2021

Cite this Entry

“Profit and loss.” Dictionary, Merriam-Webster, Accessed 28 Jul. 2021.

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