Question

IS Adjusted purchases
a nominal A/c?​

Answer 1

Explanation:

Purchased goods are initially treated as cost of goods which will be sold during the year. It is only at the end of the year we make an adjustment for the goods which remain unsold, i.e. closing stock. Hence purchase is nominal account.

Answer 2

Answer:Adjusted purchase is Nominal ( Expense)

Explanation: Traditional approach = Adjust purchase is Nominal (Expense) account and

Accounting equation approach= Adjust purchase is ( Expense)