Which of the following is not real account? Machinery account .sales account . good will account . Equipment account
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Sales a/c is not a real account. As it comes in trading a/c of final accounts, it is considered that sales & purchases are *Nominal A/C*.
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Sales account
A sales account keeps record of all business trades. This consolidates both cash and credit bargains. The record outright is then coordinated with the business returns and payments record to construe the net showcasing projection that is recorded at the most elevated place of the compensation clarification. The business account thought can moreover imply a current customer. It's anything but a piece of the customary accounting record of either party.
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