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Categories >> Accounting >> Accounting AllOther


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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 ?    74 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 ?    49 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
input vat and out put vat comes which head?   2
Difference between Accounts & Finance ? Shriram 6
what is transaction? Capital-IQ 5
what are all the books maintained in accounts for the purpose of excise? Alnkey-Financial 19
Restrictions or limitations of members in banking Firms -------other firms   2
What do you mean by the word Purchase   4
expand P O S B   2
Expand---------RSTB   1
1.In SAP T-code MIR 44 is used for what purpose? 2. What are the entires for Depreciation? 3.Trade discount comes under; account b.P/L account c. balance sheet 4. T- code F-44 is used to reverse po entry? Cap-Gemini 2
break even point Hindustan-Motors 7
What is Depreciation and how is it different from amortization Thomson-Reuters 5
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