profit and loss statement

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Also found in: Financial.
See: ledger
References in periodicals archive ?
We went out to gather information from the previous owner, getting lots of paperwork--tax reports, tax statements, profit-loss statements.
It is a big industry and the way to the future should have balanced profit-loss statements and not produce huge losses.
Be familiar with reviewing profit-loss statements * Know how to manage a budget * Be comfortable hiring and firing people * Be prepared to hold employees accountable for their actions * Understand marketing and advertising techniques