Nature of Accounts

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Jitendra (Querist)
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10 January 2011 Dear sir,
Purchase & Provision account is what kind of account type, is it Nominal, Real A/c, or Personal a/c & why?
Please explain with example.
Thanks in Advance.

Vivek Raju P

Vivek Raju P (Expert)
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10 January 2011 Purchase - Nominal

Provision - Real

Jitendra

Jitendra (Querist)
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10 January 2011 Why sir give the reason Please

Jitendra

Jitendra (Querist)
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11 January 2011 we purchase that means cash is going out and stock is coming in so how ca we say purchase is nominal account not a Real A/c?
Please explain it sir.

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