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profit and loss vs account

account vs profit and loss

profit and loss and account both are nouns.

profit and loss is not a verb while account is a verb.

Word NounAdjectiveVerbAdverb
profit and loss Yes No No No
account Yes No Yes No
As nouns, account is a hypernym of profit and loss; that is, account is a word with a broader meaning than profit and loss:
  • profit and loss: an account compiled at the end of an accounting period to show gross and net profit or loss
  • account: a statement of recent transactions and the resulting balance
Other hypernyms of profit and loss include account statement, accounting.
profit and loss (noun) account (noun)
an account compiled at the end of an accounting period to show gross and net profit or loss the quality of taking advantage
importance or value
a record or narrative description of past events
an itemized statement of money owed for goods shipped or services rendered
a short account of the news
a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.
the act of informing by verbal report
grounds
a statement of recent transactions and the resulting balance
a formal contractual relationship established to provide for regular banking or brokerage or business services
profit and loss (verb) account (verb)
furnish a justifying analysis or explanation
to give an account or representation of in words
keep an account of
be the sole or primary factor in the existence, acquisition, supply, or disposal of something
Difference between profit and loss and account

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