SATYABRATA SAHOO ACA
(ACA)
(86 Points)
Replied 11 November 2011
The term ‘turnover’ would mean the total sales after
deducting therefrom goods returned, price adjustments, trade
discount and cancellation of bills for the period of audit, if any.
I think "Purchase" can't be considered here as turn over for this purpose. Please confirm any of your auditor or Faculty
Hardik Lakhani
(-)
(77 Points)
Replied 12 November 2011
Vijay Maheshwari HUF...SLP rejected by SC- Purchase included in definition of turnover
Surendra Agarwal
(MANAGER FINANCE AND BUSINESS PLANNIN)
(289 Points)
Replied 12 November 2011
CAclubindia
