👉 In accounting, "outstates" refers to a specific type of financial statement that outlines the net income or loss from operations of a company. This report is prepared by considering all sources of income and expenses in relation to a particular period, and it helps investors and creditors understand how much money was earned or lost during that time period. Outstates can be used as a guide for assessing the health of a company's financial position and providing an indication of its overall performance.
