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Categories >> Accounting >> Accounting AllOther


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 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4371)
How to Calculate Turnover?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
gross sales for the year means a turnover 0f the company 
Is This Answer Correct ?    75 Yes 19 No
Vishal Pai Kuchelkar
# 2
turn over will be caluculated on sales generally
turn over is caluculated on gross sales because net sales
include taxes if we deuct tax we get actual sales actual
sale can be treated as gross sale & it can also be treated
as turn over

some times it is caluculated on net sales
eg- sales-sales returns we get net sales
Is This Answer Correct ?    50 Yes 14 No
# 3
It depends on what kind of turnover you are asking. If you are asking for a turnover as sales revenue... then it will be the gross sales. Or are you asking for assets turnover, debtors turnover, stock turnover, alot more. Pls specify. 
Is This Answer Correct ?    22 Yes 6 No
# 4
Generally we take total of Annual Net Sales 
Is This Answer Correct ?    9 Yes 10 No
Pushpa Mohan
# 5
cost of sales\capital employed 
Is This Answer Correct ?    7 Yes 23 No

Other Accounting AllOther Interview Questions
  Question Asked @ Answers
what are the basic 3 rules of accounting HSBC 6
What is a ‘ratio’?   1
In a organization what are comes under DEBIT side? Ex" all assets natural position is debit. like   3
What do you mean by "Goods in Transit:   5
what is FBT? Reliance 9
What is the entry for forfeiture of shares? Capital-IQ 6
Give three examples of P/V ratio?   1
What is cash profit? how can we calcute?   13
How to value fixed interest stocks, at year-end?   1
What is the Voucher entry (In Tally) if the Office Expenses of Company A is being made by Company B on behalf of Company A?   4
EXPAND______________IBA   1
EXPAND___________NABARD   1
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