Question

purchase account is real or nominal account​

Answer 1

Answer:

Purchases and Sales can be treated as either nominal accounts or real accounts. Nominal : GOLDEN RULE "Debit all expenses and losses; Credit all incomes and gains." Classification doesn't really matter as long as one gets the debit and credit aspects right.

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Answer 2

Answer:

Explanation:

Purchases and Sales can be treated as either nominal accounts or real accounts. Nominal : GOLDEN RULE "Debit all expenses and losses; Credit all incomes and gains." Classification doesn't really matter as long as one gets the debit and credit aspects right