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At 1 July 2011, Mallam Jubrils Receivables amounted to N60,500. In the year to 30 June 2012, he received N317,500 from debtors and allowed them

At 1 July 2011, Mallam Jubrils Receivables amounted to N60,500. In the year to 30 June 2012, he received N317,500 from debtors and allowed them settlement discounts of N17,130. At 30 June 2012, his Receivables totalled N73,125. Jubrils sales for the year

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