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प्रश्न
What do you understand by Turnover?
थोडक्यात उत्तर
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
Money received by sale of machine is a ______.
Fees and commission received for services rendered, interest and dividend received an investment are examples of ______.
______ involves creation of liability and is shown on the liabilities side of the balance sheet.
Non-recurring receipts like additional capital, loan, etc. are ______.
Give two examples of Capital receipts.
Amount received on sale of assets is a ______ receipt.
Amount received on sale of stock-in-trade is a ______ receipt.
A receipt is a capital receipt because ______.
A receipt in substitution of an income is revenue receipt.
Compensation received for the surrender of a right is a revenue receipt.
