Turnover
Turnover refers to the total revenue generated by a business during a given period. In some regions, it’s used interchangeably with sales. In others, it may refer to asset or inventory turnover how efficiently assets are used to generate revenue. It’s a key indicator of business activity.
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Treasury Stock
Treasury stock refers to a company’s own shares that were issued and later repurchased from shareholders. These shares are held…
Temporary Account
Temporary accounts track financial activity for a specific period and are closed at period-end. Examples include revenue, expense, and dividend…
Tax Payable
Tax payable is a liability that represents the amount of taxes a business owes to the government but has not…
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