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What is the Gross Receipt?

Page no : 2

gkaggrawal77 (11 Points)
Replied 24 May 2011

GROSS RECEIPTS MEAN AMOUNT RECEIVED FROM SALE OF MILK PACKETS, NOT MARGIN AMOUNT.


Hari (Chartered Accountant) (159 Points)
Replied 26 May 2011

I this case Gross Receipts is the income received from the sale of Milk packets.. 


Hari (Chartered Accountant) (159 Points)
Replied 26 May 2011

I this case Gross Receipts is the income received from the sale of Milk packets..  so here income received from the sale of milk packets to be taken as gross receipts



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