In a business, you make a profit if you sell goods or services for more than your costs. You make a loss if the proceeds are less than your costs.
A statement prepared at the end of an certain period (for example, the end of a year) to show general fiscal information and the gross and net profit or loss of a business.
"Profit and Loss" is an episode of the television series Star Trek: Deep Space Nine, the eighteenth episode of the second season.