Difference between sales,turnover and gross receipts
This query is : Resolved
07 July 2012
Respected Members',
Is there any difference between the terms named 'Sales','Turnover' and 'Gross Receipts'? If yes what are they?
Please suggest...
Is there any difference between the terms named 'Sales','Turnover' and 'Gross Receipts'? If yes what are they?
Please suggest...
07 July 2012
Sales and turn over are used when u r actually selling some goods and receiving money... if u r offering some service or doing some work and getting money means it is termed as receipts....
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- NRI starting business in India
- ADVANCE PAYMENT OF ADVOCATE
- ITDS U/S.194T of Firm
- GST not cancelled by tenant
- Non-Compliance documents have not been submitted by the contractors debited
- Capital gain on sale and purchase of plot
- Filling ITR - U
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
