Income Tax
This query is : Open
Rajitha Sivan
(Querist)
09 December 2008
What is the difference between sales and turnover?
Bindu Madhav
(Expert)
10 December 2008
Very often these two will be used as synonyms. However, in general terminology, sale is a pure figure of sales of a company whereas in case of Turnover this includes other income as well. And as we know the other income is very often a minimal to the sales figure, it became a practice to use both terms as synonyms.
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