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160 Points Posted on 30 June 2012

purchase and sales are real account or nominal  account?

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On 30 June 2012 at 11:51 Report
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HOD accounts
502 Points Posted on 30 June 2012

@ akash.. purchase and sales are Real Account. Income and expenses are nominal account.

Regards

Anandan.s

 

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On 30 June 2012 at 11:57
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B.Com CA Final CS
5270 Points Posted on 30 June 2012

Refer following links for more clarification ......

https://www.futureaccountant.com/accounting-process/study-notes/financial-accounting-account-types.php

https://in.answers.yahoo.com/question/index?qid=20090131053042AAJzu82

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On 30 June 2012 at 11:59
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no
160 Points Posted on 30 June 2012

but purchase is also an expenese and sales is a revenue are you sure purchase ans sales come under real account?

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On 30 June 2012 at 12:21

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