What does annual receipts mean?

annual receipts meaning in Law Dictionary

The yearly average of gross revenue over 3 years. It has great sales, sevices, interest, allowances, profits on possessions, deals, and fees withholding.

annual receipts meaning in Business Dictionary

Annual average gross revenue, calculated typically over a three 12 months period. It generally includes revenue from sale of products or services, interest, and rents less allowances and comes back, proceeds from sale of fixed assets, intra enterprise transactions, inter-affiliate transactions, and withholding fees accumulated from the employees.

Sentence Examples with the word annual receipts

Cleveland is the largest ore market in the world, and its huge ore docks are among its most interesting features; the annual receipts and shipments of coal and iron ore are enormous.

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