receipts
Definition
Noun: 1. The entire amount of income before any deductions are made; gross income. This refers to the total sum of money received from business activities, sales, or services, prior to subtracting any costs or expenses.
Usage
The word "receipts" in this sense is a plural noun typically used in financial, business, and accounting contexts. It refers to the total inflow of cash or revenue. * It is often used with verbs like generate, collect, count, report, and calculate. * It can be modified by adjectives like total, gross, annual, monthly, record, or box-office.
Examples
- The company's receipts for the third quarter exceeded all expectations.
- Before paying taxes, you must calculate your total gross receipts.
- The film's opening weekend receipts set a new record for the studio.
- Small businesses must keep accurate records of all their receipts and expenditures.
Advanced Usage
- "To be in receipt of": This is a formal phrase meaning to have received something.
- We are in receipt of your payment and will process your order shortly.
- In legal or formal contexts, "receipt" (singular) can also mean a written acknowledgment that something has been received.
- Please sign this receipt to confirm delivery.
Variants and Related Words
- Receipt (noun, singular): 1. The act of receiving something. 2. A written acknowledgment that something has been received (e.g., a payment receipt).
- Revenue (noun): Income, especially of a company or government. Often used interchangeably with "receipts" in a business context.
- Takings (noun, plural): The money received by a business, especially over a short period like a day. More common in British English.
- Gross Income (noun phrase): Total income before deductions; a direct synonym in financial contexts.
Synonyms
Gross income, revenue, takings, proceeds, earnings (gross).
Antonyms
Expenditures, expenses, costs, outgoings, net income.
Related Phrases
- Box office receipts: The total amount of money paid for tickets to see a film or theatrical performance.
- The movie's global box office receipts topped one billion dollars.
- Gross receipts tax: A type of tax applied to a company's total gross revenue.
- Record receipts: An idiomatic phrase indicating the highest income ever recorded.
- The concert promoter celebrated record receipts from the tour.
Noun
-
the entire amount of income before any deductions are made
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