banner_ad

How turnover is calculated for a business?

Others 1623 views 2 replies

Dear Friends

I am an engineer by profession and accountancy and finance are very intresting topics for me...i need ur help as i m a new in this area.

Suppose i am having a business of sale of LAPTOPs .

Suppose i purchase 20 laptops from a company @ 20000/- each so that my total purchase is Rs 4 Lakh

Suppose i sale each of these 20 laptops @ 25000/- so that my total sale is Rs 5 Lakh

In this case my profit is Rs 1 Lakh and there will be certail expenses also

WHAT WILL BE MY TURNOVER IN THIS CASE? Will it be equal to sale price or sale+purchase price?

means my turnover is Rs 5 lakh or Rs 9 lakh  or anything else....

Are there any expenses to be deducted from turnover

and what are the documnets legally required to prove my turnover

pls reply at sushil @ girdher.com i shall be highgly obliged

Replies (2)

Turn over is 5 lacs Documents needed to prove are your valid sales Invoice

Your Business expenses are eligible for deduction from Your Total Profit of Rs 1 lakh namely your selling expenses and other administrative expenses 

your turnover is 5 lacs

total turnover= cash sales + credit sales

( we will not consider purchase in our turnover.)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details