Accounting Profit Definition | Becker
Accounting Dictionary
Accounting Profit
Accounting profit is the difference between total revenue and total explicit costs. No allowance is made for the opportunity cost of the equity capital of the firm's owners or other implicit costs. See also explicit costs and implicit costs and opportunity costs.
Related Terms:
Explicit Costs [BAR]Implicit Costs [BAR]Opportunity Costs [BAR]Back to Dictionary