profit-and-loss statement

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Definitions from WordNet

Noun profit-and-loss statement has 1 sense

income statement, earnings report, operating statement, profit-and-loss statement - a financial statement that gives operating results for a specific period
--₁ is a kind of statement, financial statement

Definitions from the Web

Profit-and-Loss Statement

Definition: A profit-and-loss statement, also known as an income statement, is a financial document that summarizes the revenues, costs, and expenses incurred during a specific period and shows the net profit or loss generated by a business.

Sample Sentences:

The profit-and-loss statement revealed a significant increase in company profits this quarter.
Before making any investment decisions, it is essential to thoroughly analyze the profit-and-loss statement.
The finance team prepared a comprehensive profit-and-loss statement for the annual shareholders' meeting.

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