Turnover

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Turnover is the gross quantity of revenues generated by selling products or services. The scale of business activity is determined by the profits or losses. The turnover is recorded in the accounts is on the credit side of the current account. It can be expressed as the amount without tax or after tax.

Turnover refers also to the selling, i.e. the paid transfers of ownership, but also to the assignment of rights, and lease of various objects. In the field of finance and the agency it is equal to the amount of aggio, commissions, brokerage fees and insurance.

References

  • Hilton, R. W. (1991). Managerial accounting. New York: McGraw-Hill.
  • Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2003). Managerial accounting. New York: McGraw-Hill/Irwin.
  • Wilson, R. M. S., & Chua, W. F. (1993). Managerial accounting: method and meaning (Vol. 2). London: Chapman & Hall.
  • Weisbach, M. S. (1988). Outside directors and CEO turnover. Journal of financial Economics, 20, 431-460.