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Classification of purchases in traditional and modern approach

Accountancy

Can we say that, according to traditional approach, purchases are classified as nominal and expenses in case of modern approach [Video Time Stamp: 01:35] Video Details ------------- Accounting - CA Foundation (New) Basic Accounting Procedures - Journal Entries #24. Illustration 6


Renuka chitrada

Renuka chitrada

CA Foundation

1K+

28-Jun-26 11:26

92

Answers (1)

yes.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

29-Jun-26 16:57

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