Profit and Loss Centers Law and Legal Definition
Profit and loss centers are business units that utilize an accounting method that shows both costs and associated profit with the unit. They maintain a profit and loss statement. Under cost-accounting plans, related costs, usually people and time, are typically distributed to line-of-business profit centers according to some grand scheme, usually based on the amount of activity or use.
Legal Definition list
Related Legal Terms
- 21st Century Nanotechnology Research and Development Act of 2003
- 3-A Sanitary Standards and Accepted Practice
- 3-Way Incandescent Lamp
- 480th Intelligence, Surveillance and Reconnaissance Wing
- 70th Intelligence, Surveillance and Reconnaissance Wing
- Abandon
- Abandon [Shipping]
- Abandoned Infant
- Abandoned Mark
- Abandoned Mined Lands
