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financial statement vs profit-and-loss statement

profit-and-loss statement vs financial statement

financial statement and profit-and-loss statement both are nouns.

Word NounAdjectiveVerbAdverb
financial statement Yes No No No
profit-and-loss statement Yes No No No
As nouns, profit-and-loss statement is a hyponym of financial statement; that is, profit-and-loss statement is a word with a more specific, narrower meaning than financial statement:
  • financial statement: a document showing credits and debits
  • profit-and-loss statement: a financial statement that gives operating results for a specific period
financial statement (noun) profit-and-loss statement (noun)
a document showing credits and debits a financial statement that gives operating results for a specific period
Difference between financial statement and profit-and-loss statement

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