Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

srikanth (accounts executive)     26 November 2011

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

Please let me know what extactly "Turnover" means and breify explanation also. 



 5 Replies

Sanket

Sanket (!..Live to Give..!)     26 November 2011

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.

srikanth

srikanth (accounts executive)     28 November 2011

In service sectors how can we come up to turnover.

Giridhar S Karandikar

Giridhar S Karandikar (Team Lead)     28 November 2011

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

1 Like
Sanket

Sanket (!..Live to Give..!)     28 November 2011

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......

1 Like
Archana Das

Archana Das (CA Final student)     02 December 2011

Originally posted by : !..SaNKeT..!




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......
1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags