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What is the difference between gross sales and gross receipts as far as an audit is concerned?
GROSS RECEIPTS is the total amount received prior to the deduction of any allowances, discounts, credits, etc. GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. Gross Receipts = Gross Revenue = Gross Receipts They are all the same thing, which is the total amount of revenue that a business generates during a year prior to taking any discounts, allowances, etc. Gross Sales - COGS = Gross Profit Gross Receipts - COGS = Gross Profit Gross Revenue - COGS = Gross Profit
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Difference between social accounting and social audit?
Difference between social accounting and social audit?
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
Difference between audit plan and audit program?
an audit program may contain several audit plans
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
What happens if you cannot produce the receipts requested for an IRS audit?
what will happen if i do not show up for a irs audit
Differences between audit plan and audit program?
difference between audit program audit & note book
Difference between social accounting and social audit?
Difference between social accounting and social audit?
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
What is difference between informal audit and formal audit?
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Difference between audit plan and audit program?
an audit program may contain several audit plans
Difference between internal audit and internal control systems?
Distinguish between internal audit and internal control.
What is the main difference between public sector audit and private sector audit?
public sector audit is different from private sector audit
What happens if you cannot produce the receipts requested for an IRS audit?
what will happen if i do not show up for a irs audit
What is the difference between cost audit and management audit?
Mgt audit is not compulsory under the law .cost audit in certain industry ,it is legally compulsory
What is the difference between a safety audit and a safety insepction?
In may cases there is no difference between a Safety Audit and a Safety Inspection. Where there is one, it is because a particular company has specified that.
What is the Difference between HR audit And Financial Audit?
Under HR Audit, audit of HR procedures and process is done while in financial audit, audit of finance related matters are done.
What if you lost receipts for an audit?
If you lost receipts for an audit, you may need to provide alternative documentation or evidence to support your expenses. This could include bank statements, credit card statements, or invoices. It's important to be transparent and cooperate with the audit process to the best of your ability.
