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Net turnover is referred to as

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Accounts - Principles of Accounts WAEC 2014

Net turnover is referred to as

  • purchases
  • assets
  • sales checkmark
  • profits

The correct answer is: C

Explanation

net turnover - is turnover before VAT and after trade discounts have been deducted.  A company may use net turnover to measure the total volume of sales 

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