What do you understand by Turnover?

थोडक्यात 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

या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?

Write any two differences between capital and revenue Receipts.

Premium received on issue of shares is a ______.

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

A receipt is a capital receipt:

Rent received and commission received are examples of ______.

Define Capital receipts.

Give three examples of Revenue receipts.

A receipt is a capital receipt because ______.

Premium paid on issue of shares is a capital receipt.

A receipt in substitution of an income is revenue receipt.