profit and loss account (Meaning)
Wordnet
profit and loss account (n)
an account compiled at the end of an accounting period to show gross and net profit or loss
Synonyms & Antonyms of profit and loss account
No Synonyms and anytonyms found
profit and loss account Sentence Examples
- The company's profit and loss account revealed a decline in revenue for the quarter.
- Investors closely scrutinized the profit and loss account to gauge the financial health of the business.
- The accountant prepared the profit and loss account to assess the company's performance over the fiscal year.
- The profit and loss account highlighted the impact of increased operating expenses on overall profitability.
- Management analyzed the profit and loss account to identify opportunities for cost-saving measures.
- The profit and loss account showed a modest increase in net income compared to the previous year.
- The auditor reviewed the profit and loss account to ensure compliance with accounting standards.
- Shareholders were concerned about the company's declining profits as reflected in the profit and loss account.
- The CEO presented the profit and loss account at the annual shareholders' meeting, outlining the company's financial performance.
- The financial analyst provided insights into the factors driving fluctuations in the profit and loss account.
FAQs About the word profit and loss account
an account compiled at the end of an accounting period to show gross and net profit or loss
No synonyms found.
No antonyms found.
The company's profit and loss account revealed a decline in revenue for the quarter.
Investors closely scrutinized the profit and loss account to gauge the financial health of the business.
The accountant prepared the profit and loss account to assess the company's performance over the fiscal year.
The profit and loss account highlighted the impact of increased operating expenses on overall profitability.
