GROSS Definition

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GROSS is: a. the entire amount of income before any deductions are made; or, b. any total amount before any deductions (examples: gross income or gross labor).

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ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS see ALLOWANCE FOR BAD DEBTS.

OPEN ALLOTMENT is where there is no restriction as to an amount that may be taken from that which is being allotted.

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