A transfer account of all income and expense accounts, closed into the retained earnings of a corporation or the capital account of a partnership. [Cases: Corporations 311; Partnership 81. C.J.S. Corporations ¡ì¡ì 505¨C506; Partnership ¡ì¡ì 91, 336, 340.]
How do bilingual lawyers in China usually translate the term profit-and-loss account?
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