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Gross receipts are the amount received from all sources before subtracting any costs or expenses.
If this solves your issue please mark as solved so persons answering questions can skip this question and move on to another question where an answer is needed.
Gross receipts are the amount received from all sources before subtracting any costs or expenses.
If this solves your issue please mark as solved so persons answering questions can skip this question and move on to another question where an answer is needed.
I want to clarify the answer. Gross receipts are the INCOME amounts received from all sources before subtracting any costs or expenses. As an example, receipt of loan monies is NOT part of gross receipts in the normal course of the question.
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