How to Calculate Turnover?

Answer Posted / ravi

turn over will be caluculated on sales generally
turn over is caluculated on gross sales because net sales
include taxes if we deuct tax we get actual sales actual
sale can be treated as gross sale & it can also be treated
as turn over

some times it is caluculated on net sales
eg- sales-sales returns we get net sales

Is This Answer Correct ?    57 Yes 16 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

EXPAND______________ICC

1748


Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com

1792


EXPAND_________SEB

1566


what is the uniform public construction cost accounting act?

1592


closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

1239






why gross profit transfering to profit & loss account

3609


What do you mean by Revenue? does it include the Service Tax,VAT etc., by any chance ?

1552


I KNOW THAT INSURANCE CHARGES ON PURCHASE OF VEHILE (LIGHT/HEAVY VEHICLES)HAS BEEN CAPITALISED OR NOT.?

1462


Dear Sir/Madam, Executive Trainee...Finance I had been called for NTPC Group discussion and GD please guide me for getting success in GD and interview...

1962


plz send me the apptitude question papers of wipro

1691


What is payment/receipt/period accruals?

1280


how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000

1632


which are the basic princeples of accountancy... with examples

1733


fiscal year variant Vs posting period variant

1502


what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??

1548