JAMB - Commerce (2025 - No. 8)
Turnover of a business is the same as the
purchases of the business
assets of the business
sales of the business
profit of the business
Paliwanag
The turnover of a business refers to the total sales made by a business during a certain period. It is the gross revenue of the
business, not the profit, assets, or purchases. Therefore, the turnover of a business is the same as the sales of the business.
business, not the profit, assets, or purchases. Therefore, the turnover of a business is the same as the sales of the business.