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turnover and sales

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(Querist)
27 September 2008 what is the difference between turnover and sales ?
please explain with an example.
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CMA Jitendra Singh

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CMA Jitendra Singh (Expert)
27 September 2008 Sales represents amount earned on account of selling products and servics.

Turnvoer includes the gross sales which includes the taxation and discount elements.

Turnover is also reflexion of how fast sales moves.
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vinod

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vinod (Expert)
27 September 2008 agrred by mr jitendra singh reply
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