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Definition of profit and loss account noun from the Oxford Advanced Learner's Dictionary

profit and loss account

noun

/ˌprɒfɪt ən ˈlɒs əkaʊnt/

/ˌprɑːfɪt ən ˈlɔːs əkaʊnt/

(business)

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a list that shows the amount of money that a company has earned, how much it has spent, and the total profit or loss that it has made in a particular period of time
Oxford Collocations Dictionary
Profit and loss account is used before these nouns:
account
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noun

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