BTCS Inc., formerly Bitcoin Shop, Inc., is a blockchain technology focused company. The Company operates a beta e-commerce marketplace which accepts digital currencies.
Gross Expense Ratio vs. Net Expense Ratio. Donât confuse the gross expense ratio with the net expense ratio. The net expense ratio equals the gross expense ratio of a mutual fund excluding any fee waivers or reimbursements made to investors. The gross expense ratio considers all of the expenses of a fund, including administrative and accounting costs associated with investments made by the fund.
The difference between the gross pay and the net pay is the taxes that were withheld from the employeeâs pay. This amount will be recorded as various liabilities. Here is the journal entry to record the payment of the paycheck: Notice the Wage Expense is debited for the gross pay.