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Difference between Turnover and Sales

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(Querist)
29 November 2008 Sir,

Pls tell me with example what is the Difference between Turnover and Sales?
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Manoj

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Manoj (Expert)
29 November 2008 Sales is the act of meeting prospective buyers and providing them with a product or service in turn of money or other required compensation
The turnover refers to the sales volume for a specific period of time like quarterly, semi annually or annually.
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Rahul

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Rahul (Expert)
30 November 2008
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
30 November 2008 which SUPREME COURTsc and in what context
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Rahul

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Rahul (Expert)
30 November 2008 Sorry for the above answer what i replied earlier was in respect of some other context.
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