?
The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is
Answer & Solution
Correct Answer:
Option
B
The term which refers to the total amount of sales made by a firm in one year or the total amount of money changing hands in business, is turnover. Sales turnover represents the value of total sales provided to customers during a specified time period, which is usually one year. The amount includes only revenue that is generated from daily operations, not non-operating revenue.
Join the Discussion
Login to post a comment or share your explanation.
Login