Nature of Accounts
This query is : Resolved
10 January 2011
Dear sir,
Purchase & Provision account is what kind of account type, is it Nominal, Real A/c, or Personal a/c & why?
Please explain with example.
Thanks in Advance.
Purchase & Provision account is what kind of account type, is it Nominal, Real A/c, or Personal a/c & why?
Please explain with example.
Thanks in Advance.
Vivek Raju P
(Expert)
10 January 2011
Purchase - Nominal
Provision - Real
Provision - Real
11 January 2011
we purchase that means cash is going out and stock is coming in so how ca we say purchase is nominal account not a Real A/c?
Please explain it sir.
Please explain it sir.
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