Business Terms and Jargon Explained

What is Profit and Loss Responsibility

P & L responsibility is the accountability of a department, section or company in terms of it making a profit or loss in its own right. When authority is given, then that person is responsible for its performance and how it will affect the rest of the business and is answerable for the results.

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Digital Certificate Period Entry Outside The Scope
Health insurance Digital Signature Back Office
Aggregate Supply Testimony PAYE
AFAIK Balance Sheet Bounced cheque
Credit Sale Floating Charge Average Total Cost (ATC)
Unit of trading MoneyGram Magic bullet
Land Registry Blind Testing Apple polisher
Reentry Surge Protector Exempt Persons
Organic growth P11D Tax Avoidance
Pre-emption N218 Civil Court form Tax Form - P6
Possession Yearling Yen
Closure Formal Consolidated supervision Adjourn
Risk Autoregressive To remand

Term created / updated 2007-05-29 00:06:06

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