Turnover Definition
Turnover Definition:
Turnover is the amount of sales generated in an investment center for each dollar invested in operating assets. It is computed by dividing sales by the average operating assets figure.
Other Related Accounting Articles:
- Cost Classifications on Financial Statements
- Opportunity Cost
- Fixed Cost and Variable Cost
- Cost Classifications for Predicting Cost Behavior (Variable and Fixed Cost)
- Mixed Cost or Semi-variable Cost
- Product Cost VS Period Cost
- Trade Discount Definition
- Cost Classifications for Assigning Costs to Cost Objects (Direct and Indirect Cost)
- Period Cost or Non manufacturig Cost
- Uses of Quality Cost Information (Report)
Or
Download E accounting book in MS-word format for just 20 $ - Click here to Download
About The Author
sidra
Sidra is a accounting teacher in a college and is expert in Managerial accounting . She is also the permanent writer at Accounting Details and is famous for her easy language and simple answers.