A measure of turnover that is calculated before specific items are deducted to arrive at a net figure. In other words, a gross turnover is the total monetary amount attained by an entity, in a given period of time or a reporting period, from the sale of goods and/ or services related to its core business line, prior to any deductions corresponding to costs and expenses incurred in the process of its generation.
It is also known as a gross revenue or income.
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