Turnover Definition companies act, 2013
This query is : Resolved
Sachin Kumar
(Querist)
27 November 2019
In reference to AOC 4 (details of principal product or services of the company)
*Does Turnover include other income...?*
*Does Turnover include other income...?*
28 November 2019
No. Inference - section 2(91) of Co's Act,2013.
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Sachin Kumar
(Querist)
28 November 2019
Thanku sir.
CS Richa Sharma
(Expert)
19 January 2020
No.
Section 2(91)"turnover" means the gross amount of revenue recognized in the profit and loss account from the sale, supply, or distribution of goods or on account of services rendered, or both, by a company during a financial year
Section 2(91)"turnover" means the gross amount of revenue recognized in the profit and loss account from the sale, supply, or distribution of goods or on account of services rendered, or both, by a company during a financial year
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