what is turnover, cashreceipts and depreciation

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what is turnover, cashreceipts and depreciation

TURNOVER-money earned by the business from the sale pf the products or services. Monetary transactions- cash reciept Depreciation the cost of using machinery under accrual accounting note- revenu , turnover, and sales all mean the money earned by the business from the sale of product or services .they are not the actual monetary transactions such as cash recipts. Accrual accounting- can better refelect a business operational reality then cash accounting . accural accounting is not distorted by large one off cash recipts or payment.
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