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?

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:

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

Give two examples of Capital receipts.

Give three examples of 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.

A receipt in substitution of an income is revenue receipt.

Compensation received for the surrender of a right is a revenue receipt.