Alaka who owed Saka #15000 settled his debt after deducting cash discount of 10percent. To record the discount in the book of Saka; debit?

The book value of issued share capital is?

Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application and allotment were received for 900,000 shares at 25k each. A. #675,000 B. #975,000 C. #1,350,000 D. #1,950,000 Correct Answer: Option D –...

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