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WAEC Commerce 1995 Question 44

Question 44

Business Calculations

Turnover of a business is the same as the

  1. A.profit of the business
  2. B.liabilities of the business
  3. C.assets of the business
  4. D.purchases of the business
  5. E.sales of the business
Show the answer and explanation

Answer: E (sales of the business)

Explanation

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