Description

A profit-and-loss statement is a financial report that summarizes the revenues, costs, and expenses incurred during a specific period. It is used to assess the financial performance of a business, showing whether it has made a profit or incurred a loss.

Interpreter Notes

Interpreters should be aware that the term 'estado de ganancias y pérdidas' may be used in various financial contexts, so it's important to maintain the formal register. Common variants include 'estado de resultados', which can be colloquial. Avoid using informal or regional terms that may confuse the audience.

Example Sentences

EN: The accountant prepared the profit-and-loss statement for the last quarter.

ES: El contador preparó el estado de ganancias y pérdidas del último trimestre.

Common Interpreter Mistakes

Confusing 'estado de ganancias y pérdidas' with 'balance general'; misinterpreting 'ganancias' as 'income' instead of 'profits'; using informal terms in a formal context.