profit and loss statement

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Related to Profit and Loss Statements: income statement, profit and loss account
See: ledger
References in periodicals archive ?
As illustrated by the example below, the material profit and loss statements required may well be overlapping.
Material profit and loss statements are a major element of the recordkeeping requirement for a reporting corporation that imports products into the United State or exports products from the United States by way of transfers between it and any of its foreign related parties.
But such types of transactions do not engender the requirement to keep records from which material profit and loss statements could be produced.