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Turnover

Meaning & Definition

Turnover

Turnover, commonly known as revenue, is the amount of money taken in by a company in a particular time period from its standard business activities. Monies taken in from other, non-core activities (e.g. land rental) is often recorded as non-operating revenue. In non-profit organisations and charities, turnover is often called gross receipts.

Turnover differs from profit, which is turnover minus expenditure.

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