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WAEC Commerce 1993 Question 70

Question 70

Business Calculations

An increase in turnover is an increase in

  1. A.liquid capital
  2. B.the volume of sales
  3. C.current assets
  4. D.fixed assets
  5. E.owners' equity
Show the answer and explanation

Answer: B (the volume of sales)

Explanation

Turnover is the total sales of a business in a period.