Purchase a/c. Dr. 70000
To shekhar a/c. 63000
To Sagar a/c. 7000

This may be the answer.

Journal Entry for the Transaction: Bought Goods from Shekhar for 70000 with Instructions to Send them to Sagar with 10% Trade Discount

Introduction:
In this journal entry, we will record the transaction of purchasing goods from Shekhar for a total amount of 70000. However, instead of having the goods delivered to us directly, we have instructed Shekhar to send them to Sagar. Additionally, a trade discount of 10% has been offered on the purchase.

Journal Entry:

| Date | Account Title | Debit | Credit |
|------------|---------------------|-----------|--------|
| [Date] | Purchases | 70000 | |
| [Date] | Trade Payables | | 70000 |

Explanation:

Under the accrual basis of accounting, when goods are purchased, the Purchases account is debited to record the increase in inventory. The Trade Payables account is credited to record the liability owed to the supplier.

Analysis of the Transaction:

1. Purchases Account:
- The Purchases account is an expense account that represents the cost of goods purchased for resale or for use in the normal course of business.
- We debit the Purchases account for 70000 to increase its balance, as we have purchased goods from Shekhar.

2. Trade Payables Account:
- The Trade Payables account is a liability account that represents the amount owed to the supplier for the goods or services purchased on credit.
- We credit the Trade Payables account for 70000 to increase its balance, as we have incurred a liability to Shekhar for the goods purchased.

Conclusion:

The journal entry for the transaction of buying goods from Shekhar for 70000 with instructions to send them to Sagar and a 10% trade discount is recorded by debiting the Purchases account for 70000 and crediting the Trade Payables account for the same amount. This entry reflects the increase in inventory and the liability owed to Shekhar.