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Experts please help

Accounting Entries 714 views 3 replies

purchase and sales are real account or nominal  account?

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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