sales and turnover

hello friends.

what is the difference between sales and turnover?

please elaborate with example.

kindly reply soon

thanks in advance

Replies (2)

"turnover" is typically used by european and asian companies instead of "sales" or "revenue" but they mean the exact same thing. Turnover can also be used to describe certain types of financial metrics for balance sheet line items (inventory turnover, AR turnover, etc).

Sales is related with the commodity/item which come either under CST and VAT and return is being filed in periodic basis. But, when we talk about turnover, it consist of sales as well as services, amc and other related income petaining to main business of firm/company. Rest are included in other income or misc. income.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details