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The turnover of a trade is the

Commerce
WAEC 2011

The turnover of a trade is the

  • A. number of times the stock is sold
  • B. total sales made during a period
  • C. profit made during the period
  • D. total purchases made during the period
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Correct Answer: Option A
Explanation

Turnover is an accounting concept that calculates how quickly a business conducts its operations. Most often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory. 


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