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Turnover or revenue?

asked Feb 7, 2015 in IAS 18 - Revenue by anonymous

Turnover or revenue? Are these two terms mean the same in the accounting terminology?

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answered Feb 17, 2015 by Fusion01 Level 3 Member (5.7k points)

Yes they do!!!

In south Africa, the first item of the income statement was Turnover and after adoption of IFRS we say Revenue.

I hope it clear.

1 answer

asked Feb 13, 2017 in IAS 18 - Revenue by tknadeerali Level 1 Member (1.1k points)

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asked Jan 25, 2015 in IAS 18 - Revenue by anonymous

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asked Feb 18, 2014 in IAS 18 - Revenue by anonymous

1 answer

asked Aug 17, 2013 in IAS 18 - Revenue by anonymous

1 answer

asked May 10, 2015 in IAS 18 - Revenue by anonymous

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