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profit account

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  • profit and loss account — index budget Burton s Legal Thesaurus. William C. Burton. 2006 profit and loss account …   Law dictionary

  • Profit tax — in Hong Kong is Direct tax and also classified into Income tax.According to Cap.112 Hong Kong Ordinance, Inland Reveue Ordinance (in short, IRO) IRO Section 14, unless otherwise provides, profit tax shall be charged at the standard rate on any… …   Wikipedia

  • profit-and-loss account — UK US noun [C] UK (US profit and loss statement) ► ACCOUNTING, FINANCE a document that shows a company s profit or loss in a particular period: »This loss would be shown as a charge in the profit and loss account. → See also EARNINGS REPORT(Cf.… …   Financial and business terms

  • profit and loss account — ► NOUN ▪ an account to which incomes and gains are credited and expenses and losses debited, so as to show the net profit or loss …   English terms dictionary

  • Account — Ac*count , n. [OE. acount, account, accompt, OF. acont, fr. aconter. See {Account}, v. t., {Count}, n., 1.] 1. A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian account of time. [1913 Webster] A… …   The Collaborative International Dictionary of English

  • Account current — Account Ac*count , n. [OE. acount, account, accompt, OF. acont, fr. aconter. See {Account}, v. t., {Count}, n., 1.] 1. A reckoning; computation; calculation; enumeration; a record of some reckoning; as, the Julian account of time. [1913 Webster]… …   The Collaborative International Dictionary of English

  • profit — prof·it n 1: gain in excess of expenditures: as a: the excess of the selling price of goods over their cost b: net income from a business, investment, or capital appreciation compare earnings, loss …   Law dictionary

  • account — [ə kount′] vt. [ME acounten < OFr aconter < a , to + conter, to tell < compter < L computare: see COMPUTE] to consider or judge to be; deem; value vi. 1. to furnish a reckoning (to someone) of money received and paid out 2. to make… …   English World dictionary

  • Profit — generally is the making of gain in business activity for the benefit of the owners of the business. The word comes from Latin meaning to make progress, is defined in two different ways, one for economics and one for accounting.Profit may refer to …   Wikipedia

  • account — n 1 *use, service, advantage, profit, avail Analogous words: benefit (see corresponding verb at BENEFIT): usefulness, utility (see USE): *worth, value Contrasted words: futility, vanity, fruitlessness, bootlessness (see corresponding adjectives… …   New Dictionary of Synonyms

  • profit and loss account — profit and loss ac.count n BrE a financial statement showing a company s income, spending, and profit over a particular period …   Dictionary of contemporary English

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