Use the information below to answer the following questions
| Period 1 | N |
| Cash to petty cashier | 1000 |
| Petty cashier pays out | 780 |
| Period 2 | |
| Petty cashier pays out | 840 |
What is the balance of cash with the petty cashier at the end of period 1?
220
780
980
1780
Correct answer is A
Period one income =
N1,000- N780 pay out = N220 balance