Question

sold at 5%trade discount to madhav goods whose list price was rs3000

Answer 1

Heya mate ur answer is..

List price of goods = rs. 3000
t.d @ 5% = 5% of 3000
= 150
new list price =cost - discount
=3000-150
= rs. 2850

so, the journal entry will be➡

purchase a/c. Dr 2850
to cash a/c. 2850
(being goods purchased with cash)

hope it helps...