Accounting MascotAccounting Q&A

What is included in an annual turnover?
submitted by Beverley

yellen

It's basically the total amount of money a company makes from selling over a year. That includes everything like product sales, service fees, and sometimes even things like licensing income, before subtracting any costs or expenses.

jakey

Annual turnover includes the total revenue generated, before deducting any expenses. It encompasses all sales income, whether from cash sales, credit sales, or other things, during the financial year.

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