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Purchase is a real account or nominal account?

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Updated: 4/28/2022

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Is depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is capital account is real account or nominal account?

Real Account

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is purchases comes under nominal account or Real Account?

Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property

Is Sales Account nominal or real account?

real accounts

Related Questions

Is depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is capital account is real account or nominal account?

Real Account

Is accumulated depreciation real or nominal account?

It is a real contra account. The nominal account associated with depreciation is depreciation expense.

Is purchases comes under nominal account or Real Account?

Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property

Is Sales Account nominal or real account?

real accounts

Is suspense account a nominal account?

Not necessarily. It can be of any type. Real, Personal or Nominal.

Liabilities is real accounts or nominal accounts?

nominal account.

Is revaluation account a real account?

yes

Is prepaid insurance account a nominal account?

No, it is a real/permanent account. Insurance expense is a nominal account.

Is unearned revenue nominal account?

no!! =) its a real account

Is inventory a nominal account?

real

Is capital reserve a nominal account or real account?

yes

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