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LossThe opposite of gain.Loss Similar MatchesProfit and loss statement (P&L)Profit and loss statement (P&L)A set of accounts, usually prepared annually, which depict a company's trading performance and are normally read in conjunction with the balance sheet and cash flow data. The profit and loss account can broadly be shown as follows:Turnover (sales) less manufacturing costs (or cost of sales if for example a retailing company) = gross profit or lossGross profit plus any non-trading income less operating costs = operating profit Operating profit less interest payments on bank loans or loan stock = profit before tax (pre tax profit)Pre-tax profit, less tax = net profit after taxPart of the net profit after tax may be used to pay a dividend with the balance being retained within the business for future investment. Loss control activitiesLoss control activitiesActions that an insured person or company takes at the instigation of an insurance company in order to prevent accidents or losses. Casualty lossCasualty lossA financial loss caused by damage, destruction, or loss of property as a result of an unexpected or unusual event. Net operating loss carrybacksNet operating loss carrybacksThe application of losses to offset earnings in previous years. Loss of income insuranceLoss of income insuranceInsurance in which the insured is covered against loss of income. Further Suggestionsloss adjusterStop loss order Long term loss Loss of income insurance Realized profit (or loss) paper loss Capital loss Real gain or loss stop loss Short term gain (or loss) Deadweight loss Passive Activity Loss (PAL) Capital loss Net operating losses Paper gain (loss) Unrealized capital gain or loss Loss Carry Back (Carry Forward) Net operating loss carryforwards Tax loss carryback, carryforward Affidavit of Loss Loss ratio |
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