Question

Bought goods at the list price of 25000 from mohan

Answer 1

Journal entry...

Bought goods at the price of ₹25000 from mohan.

$\color{green} \boxed{ \frac{purchase \: account \: dr \: 25000}{mohan \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: 25000} } \\ ( \color{red}{being \color{blue} \: goods \color{pink} \: boughts \color{red} \: from \color{hotpink} \: mohan)}$

It means that goods are purchased i.e something is comes in the business while from mohan is credited ..

ĪMPÒRTÄÑT BRÅÏÑLY ÎÑFÓRMÃTÌØÑ

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In Accounting, one thing should be noted that in recording any transaction

(•) Nature of transaction..

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Hope it's helps you

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Answer 2

Answer:

Explanation: Purchase A/c Dr 25000

To Cash A/c 25000 (Being goods purchased)