Question

GOODS PURCHASED FORM MANOJ & BROTHERS FOR CASH OF THE LIST PRICE OF RS.1,50,000 AT 5%TRADE DISCOUNT

Answer 1

Purchases A/c. Dr. 142500
To cash A/c. 142500
(purchases goods from Manoj & brother of list price ₹150000 at 5% Trade discount)

Answer 2

Purchases A/C.  Dr Rs.1,42,500     To Manoj & Brothers A/C. Rs.1,42,500 (Being goods purchased from Manoj & Brothers @ 5% trade discount)