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profit-and-loss statement vs income statement

income statement vs profit-and-loss statement

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

Word NounAdjectiveVerbAdverb
profit-and-loss statement Yes No No No
income statement Yes No No No
As nouns, profit-and-loss statement and income statement are synonyms defined as:
  • profit-and-loss statement and income statement: a financial statement that gives operating results for a specific period
Other synonyms of profit-and-loss statement include earnings report, operating statement.
profit-and-loss statement (noun) income statement (noun)
a financial statement that gives operating results for a specific period a financial statement that gives operating results for a specific period
Difference between profit-and-loss statement and income statement

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