"profit and loss" meaning in English

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  "lang_code": "en",
  "pos": "noun",
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          "ref": "2022 November 16, Christian Wolmar, “Can Merriman use his rail knowledge to make a difference?”, in RAIL, number 970, page 45:",
          "text": "That's far from the promised land set out in the Williams-Shapps Plan for Rail, that the railways would have a guiding mind that would be in control of the industry's finances. Businesses have what is called a profit and loss account, showing both revenue and costs, but the current situation means that the two sides of the system are in different hands - and neither is (as yet) in the hands of a 'guiding mind'.",
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      "glosses": [
        "A profit-and-loss statement; an income statement."
      ],
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        [
          "income statement",
          "income statement"
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      "synonyms": [
        {
          "word": "P and L"
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        {
          "word": "P & L"
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          "word": "P/L"
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  "word": "profit and loss"
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  "lang_code": "en",
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          "text": "That's far from the promised land set out in the Williams-Shapps Plan for Rail, that the railways would have a guiding mind that would be in control of the industry's finances. Businesses have what is called a profit and loss account, showing both revenue and costs, but the current situation means that the two sides of the system are in different hands - and neither is (as yet) in the hands of a 'guiding mind'.",
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        "A profit-and-loss statement; an income statement."
      ],
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  "word": "profit and loss"
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