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Definition of: profit and loss

In bookkeeping, an account in the ledger in which profits are entered on the creditor side and losses on the debtor side.
—prof′it–and–loss′
(profit·ənd·lôs, -los) adjective

'profit and loss' used in domains:

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Phrases starting with the letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

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