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.

shaalaa.com

Distinction Between Capital and Revenue Receipts

क्या इस प्रश्न या उत्तर में कोई त्रुटि है?

Distinguish between capital receipt and revenue receipt.

Premium received on issue of shares is a ______.

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

Define Capital receipts.

What are revenue receipts?

Distinguish between Capital Receipts and Revenue Receipts.

Amount received on sale of assets is a ______ receipt.

Amount obtained from a customer previously written off as bad debt is a ______ receipt.

Premium paid on issue of shares is a capital receipt.

Any lump sum receipt is always a capital receipt.