Net turnover is referred to as
A purchases
B assets
C sales
D profits
Answer is C
Related posts:
- Which of the following transactions will result in disagreement between the cash book and the bank statements?
- Which of the following accounts would appear in the nominal ledger? i. Sanison’s account(a debtor) ii. Motor vehicle account iii. Sales account iv. Rent and rates account
- A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest?
- The accounting ratio used to measure the average number of days for which suppliers remain unpaid is