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profit and loss vs accounting

accounting vs profit and loss

profit and loss and accounting both are nouns.

Word NounAdjectiveVerbAdverb
profit and loss Yes No No No
accounting Yes No No No
As nouns, accounting is a hypernym of profit and loss; that is, accounting 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
  • accounting: a statement of recent transactions and the resulting balance
Other hypernyms of profit and loss include account, account statement.
profit and loss (noun) accounting (noun)
an account compiled at the end of an accounting period to show gross and net profit or loss the occupation of maintaining and auditing records and preparing financial reports for a business
a system that provides quantitative information about finances
a convincing explanation that reveals basic causes
a statement of recent transactions and the resulting balance
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Difference between profit and loss and accounting

Words related to "profit and loss"

Words related to "accounting"

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