Definitions for "Profit and loss"
Keywords:  trek, eighteenth, gross, episode, loss
an account compiled at the end of an accounting period to show gross and net profit or loss
income statement.
A statement of a company's income and outgoings over a period (usually three months, six months or a year) which shows how the business is trading and whether it is making profits or losses.
One of the annual financial reports. See Example 9.