purchase and sales are real account or nominal account?
Anandan
(HOD accounts)
(502 Points)
Replied 30 June 2012
@ akash.. purchase and sales are Real Account. Income and expenses are nominal account.
Regards
Anandan.s
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 30 June 2012
Refer following links for more clarification ......
https://in.answers.yahoo.com/question/index?qid=20090131053042AAJzu82
akash
(no)
(160 Points)
Replied 30 June 2012
but purchase is also an expenese and sales is a revenue are you sure purchase ans sales come under real account?
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
