Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
whether purchases A/c is real A/c or Npminal A/c.
whether Sales A/c is real A/c Or Nominal A/c.
Whether Stock A/c Is real A/c Or Nominal A/c.
I am in dilemma how to treat this please clear this query
whether Sales A/c is real A/c Or Nominal A/c.
Whether Stock A/c Is real A/c Or Nominal A/c.
I am in dilemma how to treat this please clear this query
07 December 2012
Purchase & Sales A/c are nominal accounts.
We do not create stock A/c in books of accounts.
Closing stock is taken from stock register.
We do not create stock A/c in books of accounts.
Closing stock is taken from stock register.
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