/ˈprɒfɪt ənd lɒs əˈkaʊnt/ – Phrase
Definition: Bảng cân đối lợi nhuận và lỗ.
A more thorough explanation: an official record of a company’s income and expenses for a particular time that shows if the company has made a profit or a loss
Example: The company’s profit and loss account showed that the company had significant losses during the last quarter.