Net turnover is referred to as

Assessment: WAEC SSCE - Financial Accounting - 2014 (Objective) Subject: Financial Accounting

Question 1 Report

Net turnover is referred to as

Answer Details
Net turnover is referred to as "sales". Net turnover is the total revenue generated from the sale of goods or services after deducting any returns, allowances, and discounts. It is an important measure of a company's financial performance, as it indicates the level of sales the company has achieved over a particular period of time. The higher the net turnover, the more successful the company's sales efforts have been.
Read lesson note on Nature And Significance Of Accounting (JAMB)
View Answer

Related Questions

1

Purchase account is overcast by ₦200, while wages account is undercast by ₦200. This is
2

The source document used to make entries in the purchase day book is
3

Which of the following transactions will result in disagreement between the cash book and the bank statements?
4

An example of a credit entry in a profit and loss account is
5

The accounting treatment for a dishonored cheque is; debit
6

A book that contains individual accounts of suppliers is the
7

In the operation of an imprest of petty cash, the
8

Which of the following subsidiary books involves cash movements?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning