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Types of account

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02 November 2011 Is purchase and sales account is a part of real account or nominal acccount?some books say it is a part of real and some say nominal?Can anybody help me out
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 November 2011 It is nominal account only. only stock is real a/c
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03 November 2011 Thank you..need to ask purchase is an asset so why it's not a real account?
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