Purchase & Sale Return A/c - urgently req

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2010 Please clarify whether these are real a/c or nominal a/c/? Different authors have different views.

CMA Ramesh Krishnan (Expert)
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23 July 2010 My view

Nominal account

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2010 Can we treat them as real A/c since these deals with the movement of goods?

Ca Aashish Upadhyay (Expert)
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25 July 2010 Nominal A/c

Hitender Gaur (Expert)
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01 December 2010 Nominal a/c.

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