Oxford Dictionary English profit and loss account nounnoun BrE BrE//ˌprɒfɪt ən ˈlɒs əkaʊnt// ; NAmE NAmE//ˌprɑːfɪt ən ˈlɔːs əkaʊnt// , NAmE//ˌprɑːfɪt ən ˈlɑːs əkaʊnt// (business) Add to my wordlistjump to other resultsa list that shows the amount of money that a company has earned and the total profit or loss that it has made in a particular period of time Oxford Collocations DictionaryProfit and loss account is used before these nouns: account See full entrySee profit and loss account in the Oxford Advanced American DictionaryCheck pronunciation: profit and loss account oxfordlearnersdictionaries.com