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turnover (Accounts)

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This query is : Resolved

Author : Anonymous

( Author )
29 April 2011

HI FREINDS

WHAT IS THE MEANING OF TURNOVER IS IT TOTAL OF ASSET OR LIABILITIES SIDE GRAND TOTAL TOTAL IN BALANCE SHEET?


CA. Aryendra

( Expert )
29 April 2011

Turnover have various means it depends upon particular subject:

Accounting: (1) The annual sales volume net of all discounts and sales taxes.
(2) The number of times an asset (such as cash, inventory, raw materials) is replaced or revolves during an accounting period.

2. Human resource management: The number of employees hired to replace those who left or were fired during a 12 month period.

3. Finance: The volume or value of shares traded on a stock exchange during a day, month, or year.
4. For mutual funds, a measure of trading activity during the previous year, expressed as a percentage of the average total assets of the fund.



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