PROFIT AND LOSS Definition & Meaning

profit and loss

[ prof-it uhn laws, los ]

Phonetic (Standard)IPA

noun

Business.

the gain and loss arising from commercial or other transactions, applied especially to an account or statement of account in bookkeeping showing gains and losses in business.

profit and loss

noun

accounting an account compiled at the end of a financial year showing that year's revenue and expense items and indicating gross and net profit or loss

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�y��vlog History and Origins

Origin of profit and loss¹

First recorded in 1580–90

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Example Sentences

Examples have not been reviewed.

But like many other small businesses in Los Angeles, we measure success and derive value beyond just profit and loss.

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Maguire's figures also show a separate, more stark profit and loss chart for 2022-23, where the money recouped from player sales is excluded due to it being a "volatile", unpredictable market.

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Others, however, feel that the company's problems should not be seen only through the lens of profit and loss.

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"Capitalism is a profit and loss system," Mr Wright says.

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Just one council said they run services at a mixture of profit and loss.

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