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प्रश्न
What do you understand by Turnover?
थोडक्यात उत्तर
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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?
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संबंधित प्रश्न
Capital receipts are usually obtained in case of a company:
A receipt is a capital receipt:
______ involves creation of liability and is shown on the liabilities side of the balance sheet.
Non-recurring receipts like additional capital, loan, etc. are ______.
Amount obtained from a customer previously written off as bad debt is a ______ receipt.
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.
Compensation received for the surrender of a right is a revenue receipt.
Any lump sum receipt is always a capital receipt.
