Is net turnover the same as net profit
No, net turnover and net profit are not the same.
Net sale refers to the total revenue generated by a business after deducting any discounts, returns, and allowances. It represents the total amount of sales made by a business during a particular period.
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On the other hand, net profit is the profit that a business earns after deducting all the expenses from the revenue. It takes into account not just the cost of goods sold but also operating expenses such as rent, salaries, and utilities. Net sale is a measure of a company’s profitability and is calculated by subtracting all expenses from revenue.
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