What do you understand by Turnover?

संक्षेप में उत्तर

Turnover refers to the sales made during the accounting or fiscal year. The sum of gross sales for the year.
Turnover is sometimes referred to as Gross Sales or Gross Receipts.

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Distinction Between Capital and Revenue Receipts

क्या इस प्रश्न या उत्तर में कोई त्रुटि है?

Money received by sale of machine is a ______.

Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.

Capital receipts are usually obtained in case of a company from:

A receipt is a capital receipt:

Rent received and commission received are examples of ______.

Non-recurring receipts like additional capital, loan, etc. are ______.

Distinguish between Capital Receipts and Revenue Receipts.

Amount received on sale of assets is a ______ receipt.

Premium paid on issue of shares is a capital receipt.

Any lump sum receipt is always a capital receipt.