An account compiled at the end of an accounting period to show gross and net profit or loss.

synonym: profit and loss.

Roget 811: accounts, accompts^†; commercial arithmetic, monetary arithmetic; statistics etc. (numeration) 85; money matters, finance, budget, bill, score, reckoning, account.    books, account book, ledger; day book, cash book, pass book; journal; debtor and creditor account, cash account, running account; account current; balance, balance sheet; compte rendu [Fr.], account settled, acquit, assets, expenditure, liabilities, outstanding accounts; profit and loss account, profit and loss statement, receipts.    bookkeeping, accounting, double entry bookkeeping, reckoning.    audit.    [person who keeps accounts] accountant, auditor, actuary, bookkeeper, bean counter [Sarc.]; financier etc. 801; accounting party; chartered accountant, certified accountant; accounting firm, auditing firm.    ... show more