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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2013 Hii...pls tell purchase account is real or nominal? as in some books its written that goods are liquid assets whereas somwhere its written its an expense for business.....so pls tell me wich type of account it is and why??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 August 2013 Purchase is nominal account

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