The turnover of a trade is the
COMMERCE
WAEC 2011
The turnover of a trade is the
- A. number of times the stock is sold
- B. total sales made during a period
- C. profit made during the period
- D. total purchases made during the period
Correct Answer: A. number of times the stock is sold
Explanation
Turnover is an accounting concept that calculates how quickly a business conducts its operations. Most often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory.
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