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Q: What is gross balance?
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Is owners drawing on the balance sheet net or gross income?

gross income


What is average gross accounts receivable?

Average gross accounts recievable is the beginning balance for accounts recievable and the ending balance for A/R divided by two.


Does an expense normally have a credit or debit balance?

Expenses maintain a debit balance. They are opposite accounts to Revenue which maintains a credit balance. Gross Income (Gross Revenue) - Expenses = Net Income


What Buddhist kingdom introduced the Gross National Happiness as a way to balance the Gross National Product?

Bhutan


What is the difference tween trial balance before closing and the trial balance after closing?

before we find gross profit ,after we got net profit


Is gross profit taken in the Trial balance?

yes...on the cr side...


What is the meaning of gross block in a company's balance sheet.?

The total value of acquiring all fixed assets (even though at different points of time) is called 'Gross Block' or 'Gross Fixed Asset'


Is a contra account balance a debit or credit?

A contra account balance is a debit balance account. It is a general ledger account that has a balance that is an exact opposite of a normal balance. Contra accounts are generally used to report the gross and the net amount of an organization.


When marking the center of balance on a vehicle what information will be shown on the horizontal portion of the T?

the gross weight information.


Net sales on the unadjusted trial balance?

Net sales on an unadjusted trail balance can be calculated as taking the gross sales and subtracting the expenses related. Once the trial balance is adjusted, you will be able to calculate your true net sales.


Define gross motor?

Gross motor skills involve large muscle groups and coordinated movements, such as running, jumping, and throwing. These skills require strength, balance, coordination, and spatial awareness.


What is the difference net pay and gross pay?

Anytime you see the term "net" before pay, income, etc, it's the balance of money earned after taxes are deducted. The term gross is the balance of money earned before taxes and other deductions, such IRA's, Insurance Plans, and other premiums and costs are deducted.