purchase and sales are real account or nominal account?
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Experts please help
Replies (3)
@ akash.. purchase and sales are Real Account. Income and expenses are nominal account.
Regards
Anandan.s
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
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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