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Purchase & Sale Return A/c - urgently req

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2010 Please clarify whether these are real a/c or nominal a/c/? Different authors have different views.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 July 2010 My view

Nominal account
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2010 Can we treat them as real A/c since these deals with the movement of goods?
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Ca Aashish Upadhyay

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

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

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