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Malumbe is a supplier to Bwalya from the details given below. You are required to prepare Malumbes account fpr the month of March 2016 as
Malumbe is a supplier to Bwalya from the details given below. You are required to prepare Malumbes account fpr the month of March 2016 as it would in Bwalyas books.
2016
MARCH 1 balance owing to Malubwe was K2,130.00
MARCH 9 Bwalya bought goods valued at K2,700.00 less 2% trade discount from Malubwe
MARCH 16 Bwalya returned goods to malubwe , bought on 9 March list price K900.00
MARCH 25 Bwalya paid malubwe the amount due on 1 March by cheque less 2 1/2 cash discount
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