Examveda
Examveda

The sales income (Credit and Cash) of a business during a given period is called

A. Transactions

B. Sales Returns

C. Turnover

D. Purchase Returns

Answer: Option C

Solution(By Examveda Team)

The sales income (Credit and Cash) of a business during a given period is called Turnover. In the investment industry, turnover is defined as the percentage of a portfolio that is sold in a particular month or year.

Join The Discussion

Comments ( 2 )

  1. Virendra Aher
    Virendra Aher :
    1 year ago

    the turnover concept is large it not only include sale

  2. Nirusha.K.S. Appi
    Nirusha.K.S. Appi :
    3 years ago

    How it is

Related Questions on Accounting