Question

goods purchased for cash is in which account in journal that is real or personal or nominal a/c​

Answer 1

Answer:

cash account or nominal account

Explanation:

goods purchased in cash will be shown in the cash account of the journal . Real accounts deal with material assets such as property . personal accounts are the accounts used by an individual .nominal account is an account regarding the financial transactions of the bussiness. please mark as brainiest if u like it.

Answer 2

A Real Account is a general ledger account relating to Assets and Liabilities other than people accounts. These are accounts that don't close at year-end and are carried forward. A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains.

A real account in a business is a record of the amount of asset, liability, or owners' equity at a precise moment in time. Nominal accounts summarize a business's revenue and expenses over a period of time, such as a year.

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