Income Tax
This query is : Open
09 December 2008
What is the difference between sales and turnover?
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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