Question 7
Final Accounts of a Sole TraderNet turnover is referred to as
- A.purchases.
- B.assets.
- C.sales.
- D.profits.
Show the answer and explanation
Answer: C (sales.)
Explanation
Turnover means sales; net turnover is sales less returns inwards.
Net turnover is referred to as
Answer: C (sales.)
Turnover means sales; net turnover is sales less returns inwards.