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This question belongs to Commerce Accounting
Accounting
?

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

Answer & Solution
Correct Answer: Option C
Turnover refers to the total sales revenue generated by a business from selling goods or services during a specific period, including both credit and cash sales.

Transactions is incorrect because it refers to any business activity involving the exchange of goods, services, or funds, not specifically sales income.

Sales Returns is incorrect because it refers to goods that customers return to the business after purchase, reducing the total sales income.

Purchase Returns is incorrect because it refers to goods that the business returns to suppliers, not related to sales income.

Therefore, the correct answer is Turnover.
Examveda
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5 Comments
Samreen Khan
Samreen Khan 10 months ago
these mcqs are from which book
Abdirahim Abdilahi
Abdirahim Abdilahi 2 years ago
How it become
Tanya Krishan
Tanya Krishan 3 years ago
I think the answer is transaction
Virendra Aher
Virendra Aher 6 years ago
the turnover concept is large it not only include sale
Nirusha.K.S. Appi
Nirusha.K.S. Appi 8 years ago
How it is