gross receipts

Definition of "gross receipts"
  1. The full cumulative sum of monetary value or other benefits gained by a taxed party within a certain timeframe for products sold or tasks carried out
How to use "gross receipts" in a sentence
  1. The year-end report showed a significant increase in the company's gross receipts compared to the previous year.
  2. Understanding the gross receipts for the quarter can help in strategic business planning.
  3. Despite a challenging economic climate, their gross receipts remained steady because of their diverse revenue streams.

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