GROSS PAY Definition

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GROSS PAY is employee salary prior to the application of taxes and other deductions.

Learn new Accounting Terms

ATP is an acronym for After Tax Profit, Accredited Tax Preparer, and possibly more.

REVENUE RECOGNITION is the process of recording revenue, under one of the various acceptable methods, in the accounting period. In each period of revenue recognition, all related expenses should be matched to revenue. The most common method of recognizing revenue is at the time of sale or provisioning of service.

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