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

The fact is that 95% of humanity (i.e., the less affluent majority) and the health of the planet don’t fit into the industry’s calculations of profit and loss. —Jim Fruchterman, The Mercury News, 20 Mar. 2024

Next, dive into your profit and loss statement, meticulously analyzing your annual and ongoing turnover while setting aside funds for taxes. —Bianca Barratt, Forbes, 29 Feb. 2024

Forecasting Understanding the nuances between reviewing your profit and loss (P&L) statement and forecasting is crucial. —Evan Kirkpatrick, Forbes, 26 Feb. 2024

And Loss Statements: Start by closely analyzing the business’s profit and loss statements. —Richard Gusmano, Forbes, 12 Feb. 2024

For mid-level company workers, issues include less access to sponsorship and profit and loss duties, which are vital for promotions. —Sunny Nagpaul, Fortune, 9 Feb. 2024

While retailers can feel good about their profit and loss statements, our collective balance sheet isn’t looking so good. —Phillip Molnar, San Diego Union-Tribune, 8 Dec. 2023

For business owners, a mini tax return involves gathering financial documents, calculating your income and deductions, and preparing your balance sheets and profit and loss statements to get a clear idea of where your business stands. —Karla Dennis, Forbes, 28 Nov. 2023

There may be different parts of the interview process, such as being asked to write an investment memo, or perform some kind of data analysis assignment, where you are presented with a fictional company and its balance sheet as well as profit and loss statements, and asked to analyze it. —Fortune, 27 Feb. 2023

Word History

First Known Use

1553, in the meaning defined above