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Profit and loss   /prˈɑfət ənd lɔs/   Listen
Profit and loss

noun
1.
An account compiled at the end of an accounting period to show gross and net profit or loss.  Synonym: profit and loss account.






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"Profit and loss" Quotes from Famous Books



... I chased away all such thoughts and really all went well up till suppertime. My sweetheart had been pulled about a little, no doubt; one or two men had even kissed her under my very nose, but I at once set down these details to the profit and loss column, and in all sincerity I was proud ...
— Monsieur, Madame and Bebe, Complete • Gustave Droz

... curious that most things are, as a rule. There is always the parallel of profit and loss whether one sees it or not. The profits are happiness and friendship—enjoyment of life and approbation. If the inherited temperament supplies one with all one wants of such things, it cannot be called a ...
— The Shuttle • Frances Hodgson Burnett

... and transplant when 2 in. high to other beds or pots. They must have good care, for a check in their growth means all the difference between profit and loss. ...
— Manual of Gardening (Second Edition) • L. H. Bailey

... tell you differently, especially those who are under the influence of the "trading humanities," a class that is singularly addicted to philanthropy or vituperation, as the balance-sheet happens to show variations of profit and loss. ...
— A Residence in France - With An Excursion Up The Rhine, And A Second Visit To Switzerland • J. Fenimore Cooper

... that there has been borrowing on either side? Only in a very restricted sense, I think, if at all. The parable is taken from common life, as the Indian text truly says. It occurred to some teacher, perhaps to many teachers independently, that the spiritual life may be represented as a matter of profit and loss and illustrated by the conduct of those who employ their money profitably or not. The idea is natural and probably far older than the Gospels, but the parable of the talents is an original and detailed treatment of a metaphor which may have been known to the theological schools of ...
— Hinduism and Buddhism, An Historical Sketch, Vol. 3 (of 3) • Charles Eliot

... while Mrs. Morris entertained them in so droll a way? Still, as time passed and she not only brightened in the light of her delusion, but proceeded to meet the conditions of her own life by opening a small shop in her home, and when she exhibited a wholesome sense of profit and loss, her neighbors were quite ready to accept her on terms of ...
— Humorous Ghost Stories • Dorothy Scarborough

... our principles, that they are good only in theory. But, gentlemen, do you believe that merchants' books are good in practice? It does appear to me, if there is anything which can have a practical authority, when the object is to prove profit and loss, that this must be commercial accounts. We cannot suppose that all the merchants of the world, for centuries back, should have so little understood their own affairs, as to have kept their books in such a manner as to represent gains as losses, ...
— What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Econimiques" - Designed for the American Reader • Frederic Bastiat

... ordered Amber, "to bring me a cloak of some sort—not too conspicuous. I've no fancy to kick up a scandal at the hotel by returning with these duds visible. You can charge it up to profit and loss; if it hadn't been for the tender treatment your assassins gave me, I'd ...
— The Bronze Bell • Louis Joseph Vance

... answered Tom, who, now that Morse and Happy Harry were securely tied, had busied himself, with the aid of Mr. Sharp and Mr. Damon, in counting the bills. "Only about two thousand dollars are missing. I think the bank will be glad enough to charge that to profit and loss." ...
— Tom Swift and his Airship • Victor Appleton

... goes over his stock, tools, fixtures, and accounts, and prepares a statement of assets and liabilities so as to get a fairly accurate understanding of his profit and loss. ...
— Evening Round Up - More Good Stuff Like Pep • William Crosbie Hunter

... where one would do. There are a million or two of business firms in the country, and five or ten times as many clerks; and consider the handling and rehandling, the accounting and reaccounting, the planning and worrying, the balancing of petty profit and loss. Consider the whole machinery of the civil law made necessary by these processes; the libraries of ponderous tomes, the courts and juries to interpret them, the lawyers studying to circumvent them, the pettifogging and chicanery, ...
— The Jungle • Upton Sinclair

... yesterday? I knew the Trust Company folks had decided not to go ahead with the fish storage business just as well as you did, and I heard it just as soon, too. I know they've decided to put the twelve hundred shares of Wellmouth Development stock into profit and loss, or to just hang on and see if it ever does come to anything. But you cal'lated I didn't know it and that maybe you could unload your five hundred shares on to me at cut rates, eh? Raish, you're slick—but you ain't ...
— Galusha the Magnificent • Joseph C. Lincoln

... line riding all winter, a large number of cattle would manage to evade the vigilance of the cow boys and get away. These must all be accounted for at the great round up, as they stood for dollars and cents, profit and loss to the great cattle kings of the west. In going after these strayed and perhaps stolen cattle we boys always provided ourselves with everything we needed, including plenty of grub, as sometimes we would be gone for nearly two months ...
— The Life and Adventures of Nat Love - Better Known in the Cattle Country as "Deadwood Dick" • Nat Love

... system, and by acceding to the Convention of the metre which furnishes to all States metric standards rigorously compared. Thus, Mr. Hirsch, in a spirit of justice, wished to make for each a balance of profit and loss—evident proof that the question was of a commercial, and of no scientific advantage. I am not aware, and my mission is not to discover, whether the bargain might have been accepted by France. However, it is with great ...
— International Conference Held at Washington for the Purpose of Fixing a Prime Meridian and a Universal Day. October, 1884. • Various

... rapidly reaching, a limit of speed—a limit imposed by the need to carry their passengers and goods on a remunerative basis. On the sea, by burning excessive quantities of coal, it is possible to add a few knots to the speed of a great liner. But then the problem becomes one of profit and loss; while with trains—so nearly under existing conditions have they reached a limit of speed—that a difficulty is experienced, even on long runs, and under favourable circumstances, in saving a minute here and there. It is not of ...
— Learning to Fly - A Practical Manual for Beginners • Claude Grahame-White

... of the commodities produced sink—again under the influence of the free mobilisation of labour; so that the members of the association individually profit as little by the employment of burdenless capital as they suffered before by the liquidation of their burden. Profit and loss are always distributed—still thanks to the mobilisation of labour—equally among ...
— Freeland - A Social Anticipation • Theodor Hertzka

... bastar, to suffice, to be enough biela, connecting rod caldera, boiler cilindros, cylinders citar, to quote, to mention a passage *convenir, to agree, to suit cotizar, to quote prices cuenta de ganancias y perdidas, profit and loss account dejar, to leave, to let disposicion (a su), (at your) disposal durar, to last el engranaje, the gearing entregar, to deliver equipo, equipment es decir, o sea viz., namely a saber viz., namely franco de ...
— Pitman's Commercial Spanish Grammar (2nd ed.) • C. A. Toledano

... calamity. A contractor who agreed to undertake a piece of work was required to finish it in a proper manner, and if from negligence or ignorance the work was defective, he was liable to damages. In a partnership, if there were no express agreement, the shares of profit and loss were divided equally. Each partner was bound to exercise the same care for the joint concern as if it were his own. The acts of one partner were not binding on another, if he acted beyond the scope of the partnership. ...
— The Old Roman World • John Lord

... surplus of labor it is held to be commercial folly to go to the unnecessary expense of protecting an article of merchandise which can be had so cheaply. Human tragedies do not enter into the making of profit and loss accounts; outlays for mechanical appliances do. Assuredly this is a business age wherein profits must take precedence over every other consideration, which principle has been most elaborately enunciated and ...
— Great Fortunes from Railroads • Gustavus Myers

... worth much, while the narrowness of the view is at once evident. The proportion of pasture to arable land must settle itself, and be governed entirely by the same conditions that affect other trades—i.e.. profit and loss. ...
— Hodge and His Masters • Richard Jefferies

... medical student, with nothing to look forward to but pushing his own way, and making his own path in life as best he could. But he had plenty of talent, and worked hard at his profession, to which he was devoted for reasons quite unconnected with any considerations of possible profit and loss. Indeed, having just enough money of his own to make him tolerably independent, he was wont to ignore all such considerations in his grand youthful way, and to look upon his profession from a purely abstract scientific point of view. And yet he was not without large hopes, grand vague ambitions ...
— My Little Lady • Eleanor Frances Poynter

... house soon after this and, passing the credit memo, into the office, the credit man howled as if I were pulling his jaw tooth. It hurt him to see that little three dollars go on the profit and loss account. 'Well, I won't insist upon it,' said I. 'I will just ask the man to return the goods.' ...
— Tales of the Road • Charles N. Crewdson

... yourself. It was so funny and clever that I came; besides I was glad to change the name Prophet. People were never tired making the most ridiculous plays upon it. The old Scotch schoolmistress, who taught me partly, was named Miss Lawson, so they called us Profit and Loss; and they pronounced my Christian name as if it was Purses, and nicknamed me Property, and took terrible liberties with my nomenclature." At this the whole company laughed heartily, after which the dominie said: "I see your pipe is out, Corry; ...
— Two Knapsacks - A Novel of Canadian Summer Life • John Campbell

... share. The amatu was the "word," literally, but, applied to business, means the agreement as to their mutual transactions. The completion of that was reached when they took the profits and divided them. It might include the mutual reckoning of profit and loss. The phrase "from mouth to interest" is very idiomatic. The "mouth," or verbal relationships, included all they said, the terms they agreed upon. The word "interest" here replaces the more usual "gold;" both mean the "profit," or the balance due to each. Usually ...
— Babylonian and Assyrian Laws, Contracts and Letters • C. H. W. Johns



Words linked to "Profit and loss" :   account statement, accounting, account



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