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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



... lightly—as men will in justifying themselves before the finger of an hoary accusation. Gessner cared neither for God nor man. His only daughter had been at once his divinity and his religion. Let men call him a rogue, despot, or thief, and he would shrug his shoulders and glance aside at his profit and loss account. But let them call him "fool" and the end of his days surely was ...
— Aladdin of London - or Lodestar • Sir Max Pemberton

... iconoclastic. His was not the doctrine of the future—of future repentance for the wrongs done to-day, of future reward for the good to-day achieves, all deeds being balanced on a mercantile account of profit and loss. His was a cry almost fierce, demanding, in the name of human woe, that to-day shall hold no cruelty, no evil done, even to the smallest and most ...
— In Connection with the De Willoughby Claim • Frances Hodgson Burnett

... contract at a lower point than the contract called for, and would consequently be able to deliver to the merchant who made the hedge, cotton which the latter would be forced to accept at a price higher than the then prevailing one, and thus again the profit and loss would balance each other. The usual custom is, not for the merchant to accept delivery, but to pay over to the seller of the futures contract the difference between the contract price and that prevailing. This would be just the difference between his own purchasing ...
— The Fabric of Civilization - A Short Survey of the Cotton Industry in the United States • Anonymous

... longer believe in St. Edmund, no longer see the figure of him 'on the rim of the sky,' minatory or confirmatory! God's absolute Laws, sanctioned by an eternal Heaven and an eternal Hell, have become Moral Philosophies, sanctioned by able computations of Profit and Loss, by weak considerations of Pleasures of Virtue ...
— Past and Present - Thomas Carlyle's Collected Works, Vol. XIII. • Thomas Carlyle

... Indeed, we should save money and effort could we unite churches of not too diverse creeds. We could thus give better preaching, music, improve the edifice, etc. I am by no means ready to advocate the radical abolition of coeducation, but we can already sum up in a rough, brief way our account of profit and loss with it. On the one hand, no doubt each sex develops some of its own best qualities best in the presence of the other, but the question still remains, how much, when, and in what way, identical coeducation secures ...
— Youth: Its Education, Regimen, and Hygiene • G. Stanley Hall

... 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 ...
— Serge Panine • Georges Ohnet

... to an expense fund, the remainder being credited on the loan fund. The expense fund thus created is lost to the shareholders, except in the case of a few associations which carry the unexpended balances to the profit and loss account, and whatever profits are made are apportioned on the amount of dues credited to the loan fund only. The creation of an expense fund in the nationals has sometimes been the source of disaster. Safety or security ...
— Encyclopaedia Britannica, 11th Edition, Volume 4, Part 3 - "Brescia" to "Bulgaria" • Various

... then, is profitable, slaveholding is equitable. Thus it is decided, that whatever is profitable is also equitable: justice and injustice are mere matters of profit and loss; the morality or immorality of slavery a mere question of soil ...
— Slavery: What it was, what it has done, what it intends to do - Speech of Hon. Cydnor B. Tompkins, of Ohio • Cydnor Bailey Tompkins

... big difference in the varying capacity of a boss to get work out of the men collectively. In work where labor counted for so much in the final cost as here, it appeared as though this involved almost the whole question of profit and loss. With a hundred men employed at a dollar and a half a day, the saving of a single hour meant the saving of ...
— One Way Out - A Middle-class New-Englander Emigrates to America • William Carleton

... add to this short list of general categories on the side of cost; but such additional items, not fairly to be included under these general captions, would after all be of minor importance, in the aggregate or in detail, and would not appreciably affect the grand balance of pecuniary profit and loss to be taken account of in any appraisal of the projected Imperial regime. There should evidently be little ground to apprehend that its installation would entail a net loss or a net increase of pecuniary burdens. There is, of course, the ill-defined and scarcely definable item of expenditure ...
— An Inquiry Into The Nature Of Peace And The Terms Of Its Perpetuation • Thorstein Veblen

... a man who has grown from being a peddler of tape and buttons to be the greatest dry-goods-man in his town, and then to being a great dealer for many towns. When he was a peddler he could carry the profit and loss on his buttons and tape in his head, because the profits were literally in his pocket, and the losses were literally out of it. But when he has grown into a great merchant he must keep books, and he must keep a great many of them, and they must be kept accurately, or he will get into trouble ...
— An American Politician • F. Marion Crawford

... the central bank concerned shall contribute to the reserves of the ECB, to those provisions equivalent to reserves, and to the amount still to be appropriated to the reserves and provisions corresponding to the balance of the profit and loss account as at 31 December of the year prior to the abrogation of the derogation. The sum to be contributed shall be determined by multiplying the amount of the reserves, as defined above and as stated in the approved balance sheet of the ECB, by the ratio between the number of shares subscribed ...
— The Treaty of the European Union, Maastricht Treaty, 7th February, 1992 • European Union

... government, or those incurred by his Majesty for the ecclesiastical estate in those places the conquest of which was granted to him by the apostolic bulls. The rest of these reasons which concern his Majesty's service, the profit and loss of his treasury, and what is expedient for common good of the inhabitants of that state, should be considered in this case with the greatest care. For the inhabitants of Yndia have no other resources to live upon except trade and commerce; and of these the principal is the trade with China and other ...
— The Philippine Islands, 1493-1898, V7, 1588-1591 • Emma Helen Blair

... hat higher in the crown than was the custom, and a remarkably nobbly stick beneath his arm; otherwise, and in all respects, he was a very ordinary-looking man indeed, and as he walked, book in hand, might have been some small tradesman busily casting up his profit and loss, albeit he had ...
— The Amateur Gentleman • Jeffery Farnol et al

... who have grown grey in the great world school, learning its sordid, selfish lessons, grinding away at its daily tasks, adding up your sums of addition, and interest, scanning the money table with eager eyes, practising your skill in profit and loss, and daily writing as your one copy—make money, and be rich—to you, I say, come into Christ's school to-day, and see whose teaching is the better: that of the world, or that of the Son of God. There comes ...
— The Life of Duty, v. 2 - A year's plain sermons on the Gospels or Epistles • H. J. Wilmot-Buxton

... contingencies, I had no shadow of a doubt. This I have since managed to float on the market, and, though I worked it on a principle of my own, which, for want of a better description, I have styled amalgamated "Profit and Loss," I regret to have to inform those clients who have entrusted me with their cheques in the hopes of getting, as I really fully believed they would, 700 per cent. for their money in three days, that I have had to close the speculation rather ...
— Punch, Or The London Charivari, Vol. 99., September 20, 1890 • Various

... into the small hours, sitting before the dying fire of the big hearth-place, at the eastern end of the gallery. Mentally he audited his accounts, the profit and loss of this day's doing, and, on the whole, the balance showed upon the profit side. Verily it was only a day of small things, of very humble ambitions, of far from world-shaking successes! Still four persons, he judged, he had made a degree or so happier.—His mother rejoiced, though ...
— The History of Sir Richard Calmady - A Romance • Lucas Malet

... like two of Frans Hals' arquebusiers. Yet how unlike. For the air of masterful recklessness had gone, that good-humoured glint of power in the eye was no more. Hals had painted conquerors, or at any rate warriors for country; these coffee drinkers were meditating profit and loss. Where once was authority ...
— A Wanderer in Holland • E. V. Lucas

... advanced, efficient, and responsible form of business organization. But it is for this same reason that they can and need to be regulated in behalf of those interests of the community that cannot be translated immediately into terms of profit and loss to the individual. ...
— Introduction to the Science of Sociology • Robert E. Park

... of recruitment to the more ingenious classes, who could do better than learn drill. Nor, to say truth, does the poor clayey peasant suffer from it, according to his apprehensions. Often perhaps, could he count profit and loss, he might find himself a gainer: the career of honor turns out to be, at least, a career of practical Stoicism and Spartanism; useful to any peasant or to any prince. Cleanliness, of person and even of mind; fixed rigor of method, sobriety, frugality, these ...
— History Of Friedrich II. of Prussia, Volume V. (of XXI.) • Thomas Carlyle



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



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