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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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  1. 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 DictionaryProfit and loss account is used before these nouns:
    • account
    See full entry
See profit and loss account in the Oxford Advanced American Dictionary
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noun
 
 
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