trading, profit and loss account

Definition

Accounting

• noun an account which details the gross profit or loss made by an organisation for a given period trading account, and after adding other income and deducting various expenses, is able to show the profit or loss of the business

Nearby Definitions of “trading, profit and loss account”

• trade union
• trademark
• trading
• trading bloc
• trading partner
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• tradition
• traditional
• traditional economy
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• traffic

Contexts for “trading, profit and loss account”

1 definition in context
• Accounting