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?

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 ______.

Rent received and commission received are examples of ______.

Define Capital receipts.

What are revenue receipts?

Give three examples of Revenue receipts.

Amount received on sale of assets is a ______ receipt.

Amount received on sale of stock-in-trade is a ______ receipt.

Sale of securities by an investment company is a capital receipt.