Question

Purchase goods from Mangala enterprises R.s 60,000


Paid to Mangala enterprises R.s 59,500 in full settlement of their account

Answer 1

purchase    a/c     dr

to bank

Answer 2

1) PURCHASE A/C DR.                                60000

  TO MANGALA ENTERPRISES                                      60000

2)MANGALA A/C DR.                                 60000

      TO BANK                                                                    59500

       TO  DISCOUNT RECEIVED                                          500