SALES TURNOVER Definition

Bookmark and Share

SALES TURNOVER is the total amount sold within a stipulated time period, usually 12 months. Sales turnover is usually expressed in monetary terms but can also be in total units of stock or products sold.

Learn new Accounting Terms

PROMOTIONAL ALLOWANCES are offered by manufacturers to support the additional promotional activities undertaken by channel members (retailers) on their behalf, e.g. discounts given as part of promotional programs, such as when products are put on sale to increase traffic in a retail store.

IBNR is Incurred But Not Reported.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.