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The turnover of a trade is the

The turnover of a trade is the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Number of times the stock is sold
  • B Total sales made during a period
  • C Profit made during the period
  • D Total purchases made during the period
Correct Answer: Option A
Explanation:
Turnover is an accounting concept that calculates how quickly a business conducts its operations. Most often, turnover is used to understand how quickly a company collects cash from accounts receivable or how fast the company sells its inventory.

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