Five hundred naira monthly is allowed on an imprest system. The following transactions took place
Period 1:                                                    ₦
Cash advanced to petty cashier               500
Petty cashier paid out: Stamp                  200
                         Newspaper          250
Period 2:
Cash to petty cashier                               450
Cashier paid for writing materials             350

What was the balance of cash with the petty cashier at the end of period 1?

Similar Questions

In departmental accounts, rent is appointed on the basis of ...

An asset was bought on 1st January, 1992 for N20,000. Depreciation was provided for annually at 20% ...

  Years Current Assets Liabilities Fixed Assets Capital ...

A subsidiary record is a book ...

\(\begin{array}{c|c} & J. Chike & B. Balla \\ & N & N \\ \hline \text{Current Accoun...

Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...

Where a firm has not kept proper books of account, an increase in closing capital over opening capit...

When a buyer returns damages goods to the seller, the buyer receives a ...

The term fiscal compliance means ...

Which of the following is a normal account? ...