profit and loss account vs account statement

account statement vs profit and loss account

profit and loss account and account statement both are nouns.

Word	Noun	Adjective	Verb	Adverb
profit and loss account	Yes	No	No	No
account statement	Yes	No	No	No

As nouns, account statement is a hypernym of profit and loss account; that is, account statement is a word with a broader meaning than profit and loss account:

profit and loss account: an account compiled at the end of an accounting period to show gross and net profit or loss
account statement: a statement of recent transactions and the resulting balance

Other hypernyms of profit and loss account include account, accounting.

profit and loss account (noun)	account statement (noun)
an account compiled at the end of an accounting period to show gross and net profit or loss	a statement of recent transactions and the resulting balance

profit and loss account vs account statement

profit and loss account and account statement both are nouns.

Words related to "profit and loss account"

Words related to "account statement"