Question

Bought goods from Manohar Rs. 5000​

Answer 1

Answer:

Manohar A/c                   Dr               5000

To sales A/c                                                           5000

Explanation:

Answer 2

Answer:

Purchases A/c  Dr .   5,000

      To Manohar A/c                5,000

Explanation:

The two accounts involved in this transaction is purchases and Manohar.

Goods are being brought from Manohar for the purpose of resale therefore it is considered as a purchase.

Since the name of the vendor is given, it is assumed to be a credit purchase. A liability is thus being created.

Purchases - Expense - increase of which should be debited

Manohar - Liability - increase of which should be credited

Therefore the journal entry is:

            Purchases A/c .  Dr.  5,000

                   To Manohar A/c      5,000

      (Being goods purchased from Manohar)

Hope this helps