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....
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