Type of Account

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 will purchase or sale return be a nominal a/c or real a/c. if so then why?

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Hi can someone help me with my above query?

Querist : Anonymous

Querist : Anonymous (Querist)

22 July 2010 Hello Ravindra Sisodia, can you help me?

Upgrade to CAclubindia Pro. Subscribe Now!

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

22 July 2010 nominal a/c

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2010 Hi Ravindra, thanks for your answer. But purchase return & sale return A/c deal with the movement of stock, therefore, can't we treat them as Real A/c, In this case, differenr authors have different views. Please give your opinion.

Shudhanshu Agrawal

Shudhanshu Agrawal (Expert)
Follow

26 July 2010 No it does not deal with stock but it deals with purchase which are returned and sales which are returned. So, it is a nominal A/c not real A/c