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Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 will purchase or sale return be a nominal a/c or real a/c. if so then why?

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Hi can someone help me with my above query?

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Hello Ravindra Sisodia, can you help me?

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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22 July 2010 nominal a/c

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Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2010 Hi Ravindra, thanks for your answer. But purchase return & sale return A/c deal with the movement of stock, therefore, can't we treat them as Real A/c, In this case, differenr authors have different views. Please give your opinion.

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
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26 July 2010 No it does not deal with stock but it deals with purchase which are returned and sales which are returned. So, it is a nominal A/c not real A/c

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