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Net turnover is referred to as

Accounts - Principles of Accounts
WAEC 2014

Net turnover is referred to as

  • A. purchases
  • B. assets
  • C. sales
  • D. profits
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Correct Answer: Option C
Explanation

net turnover - is turnover before VAT and after trade discounts have been deducted.  A company may use net turnover to measure the total volume of sales 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post UTME Past Questions Agent
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Your School's Whatsapp Group - Join Us now