Turnover means...........

the total amount sold within a specific time period, usually a year.

Turnover is often expressed in monetary terms but can also be expressed in terms of the total amount of stock or products sold.

In service sectors how can we come up to turnover.

In simple words turnover means the total sales reflected in your trading account with any adjustments such as returns etc.. in case of an business.

In case of service sector it means the total receipts on the Income side of the I&E A/c.  Suppose if you are a CA & providing service relating to Audit,Tax etc.. then the receipts whihc you earn is termed as turnover.

But the term turnover is used only in case of an business.  In case of person providing service the term Receipts earned is used

Originally posted by : Giridhar S Karandikar
	In simple words turnover means the total sales reflected in your trading account with any adjustments such as returns etc.. in case of an business. In case of service sector it means the total receipts on the Income side of the I&E A/c.  Suppose if you are a CA & providing service relating to Audit,Tax etc.. then the receipts whihc you earn is termed as turnover. But the term turnover is used only in case of an business.  In case of person providing service the term Receipts earned is used

Agree With the Above Reply.... In Services The Total Receipts received during the year is treated as Turnover......