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Meaning / Definition of

Profit And Loss Account

Categories: Accounting,

the summary record of a company's sales revenues and expenses over a period, providing a calculation of profits or losses during that time.

Most popular terms

1. Loss Payable Clause
2. Gramm-Leach-Bliley Act
3. Relative Strength
4. Personal Profit Exclusion
5. Likelihood Of Confusion
6. Use In Commerce
7. Limited Severability Provision
8. Nonprofit
9. Quarter
10. Dollar-weighted Rate Of Return

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