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Economic outturn

Economic outturn (economic result)

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The economic outturn, or economic result of the entrepreneur displays the difference between the revenues achieved and the costs incurred while obtaining it (business activity). Economic outturn is recorded among „liabilities“ in the  balance sheet.

Positive difference is called accounting profit, if the difference is negative, it represents accounting loss. The economic result can also be zero, when neither profit nor loss is made.

The information about economic outturn can be obtained from the "Profit and Loss Account", one of the financial statements.

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