What exactly is turnover?

[Elizabeth Dodd]

On Sun, 15 Jan 2006 16:48, Ken Wilson wrote:
> In Australia small businesses can use cash or accural accounting, large
> companies must use accrual accounting.

The Tax Office declares that I will use cash accounting.
If my turnover per year exceeds $1M, they may alter that to accrual. But being 
bureaucrats they don't do it straight away - they do it when you forgot all 
about it.

Liz

-- 
"I went to a job interview the other day, the guy asked me if I had any
questions , I said yes, just one, if you're in a car traveling at the
speed of light and you turn your headlights on, does anything happen?

He said he couldn't answer that, I told him sorry, but I couldn't work
for him then.
		-- Steven Wright