Question

1).bought goods from mohan on credit @10 trade discount worth 2500
2).mohan was paid by cheque 2000 and balance in cash

Answer 1

Answer:

purchase Account debit 2250

to Mohan Account 2250

Mohan Account debit 2250

to bank account 2000

to cash account 250

Answer 2

Purchases A/C Dr. 2250

To Mohan 2250

(Being bought goods at 10% TD)

___________

Mohan Dr. 2250

ToCash A/C 250

To Bank A/C 2000

(Being paid to mohan by cheque and cash)

_____________