Hello Sir,
I would like to know how the Turnover of a company can be calculated ?
Does it includes both sales and purchase or only sales?
Please provide the valuable information by relating it to Textile manufactuiring and jewellery manufacturing.
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Turn over
Replies (3)
Turnover of a company = Cost of a product + profit earned on it.
It includes only sales.
In the case of textile manufacturing and jewellery manufacturing , turnover shall include the cost of the raw material and expenses incurred in it whether direct or indirect expenses for converting it from a raw material to a finished product.
It means total sales in a financial period....
Yes, the total sales in a financial year
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