Multiple Choice
Which of the following statements is correct? For a business that buys raw materials and manufactures a product:
A) "Revenue" or "Turnover" or "Sales" is all money that comes into the business, including items such as bank interest received.
B) "Revenue" or "Turnover" or "Sales" is money that is left over once the cost of the raw materials is taken off.
C) "Revenue" or "Turnover" or "Sales" is the money that has actually been received from people buying goods.
D) "Revenue" or "Turnover" or "Sales" is the sales value of the goods that have been sold in the financial year.
Correct Answer:
Verified
Correct Answer:
Verified
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