i am in a confusion as to whether purchase a/c is a real a/c or nominal a/c?
3 Replies
CA SUDIPTA SINHA
(Commerce Coaching- Accounts Cost FM)
(735 Points)
Replied 24 February 2009
purchase a/c is nominal a/c. because any type of expenses, revenues,losses and gains are nominal account...
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9060 Points)
Replied 28 March 2009
SUDIPTO IS RIGHT
Recent Topics
- Experienced CA firm for accounting & auditing
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
Related Threads
CAclubindia
