profit-and-loss statement
- noun
- /ˈprɒfɪt ənd lɔs ˈsteɪtmənt/
- UK
- The accountant prepared the profit-and-loss statement to summarize the company's financial performance for the year.
- profit-and-loss statement shows
Examples
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Calculate a Profit and Loss Statement.
Academic text (1998) -
The goal was revised to $400 once we started working out our profit and loss statement.
Academic text (1998) -
So here's what we want to get to is our profit and loss statement for four years.
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So that was just a bit more than $28,000 according to the profit and loss statement the Diaspora team sent me today.
Blog text (16) -
Specifically, I would like to see financial statements (preferably income statements, also called profit and loss statements) from 2010, 2011, and 2012 for both Grapefest and Main Street Days.
Blog text (18) -
The new reports include a functional budget showing expenditures by activity (rather than the pre-existing format by reporting function); a simplified profit and loss statement that shows the actual flow of revenue and expenditures; and reports showing entity expenses against the budget for the entire year.
Academic text (2005) -
During the quarterly meeting, the manager presented the profit-and-loss statement to highlight the revenue and expenses.
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Investors reviewed the profit-and-loss statement to understand the company's profitability over the last five years.
Synonyms
A company report that shows how much profit or loss it made over a set time
A report showing a company's money received, costs, and profit or loss over time
A record that shows a company's income, costs, and net profit or loss
A report made at the end of a business year that shows its profit or loss
A report that shows a company's income and expenses for a month or year
How Detailed
- Formal
- Specialized
- UK
Surface Forms
Morphology
profit-and-loss + statement
The meaning is directly compositional: a 'profit-and-loss statement' is simply a 'statement' (document) listing 'profit' and 'loss' figures. This is a transparent, cross-linguistically common financial construction so a B1 learner who knows the constituent words would be able to infer the overall meaning.
Etymology
The noun profit-and-loss statement is like a simple money report that lists profit, what the company earns, and loss, what it loses. So the name means a report that 'shows' how much a business 'made' or 'lost' over a set time.