Madhav Jha (23 Points)
20 June 2020
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 20 June 2020
Paid up share capital is the amount received from application, Allotment, first and final call of share issue.
Networth= Assets-Liabilities. This is also called as Equity which has ownership interest in assets.
Turnover is a cycle where money is made from operatins. Eg. operations- purchasing, processing, selling, collecting cash and clearing liabilities.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 20 June 2020
No problem. This turnover is not a real definition in accounts and commonly used in finance topics. There are different turnover ratios like sales turnover, asset turnover, inventory turnover etc which are used to measure efficiency and utilisation of resources in a company. Please check other versions online for more clarity.
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