P and L account

P and L account
P and L account UK US noun [C] (also P and L, P & L) ACCOUNTING, FINANCE
ABBREVIATION for PROFIT-AND-LOSS ACCOUNT(Cf. ↑profit-and-loss account): »

Payments made under leasing arrangements should be included in a company's P and L account for the year.

»

He called a meeting to go through the P & L.


Financial and business terms. 2012.

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