3 ms·
No, turnover is not income
by user_named 4y ago
No, turnover is not income
- ausudhz 4y agoOmg why you don't Google instead of saying things that you know nothing about > Turnover is the net sales generated by a business, while profit is the residual earnings of a business after all expenses have been charged against net sales https://www.accountingtools.com/articles/what-is-the-difference-between-turnover-and-profit.html https://www.accountingtools.com/articles/what-is-the-differe... So yes, turnover for a business is like the income for a person (and income is always before tax, after tax is called net income)