Five hundred naira monthly is allowed on an imprest syste...
Use the following information below to answer this question
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?
₦450
₦300
₦50
₦200
Correct answer is C
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
In the preparation of bank reconciliation statement cheque are ...
The formular for calculating depreciation using straight line method is ...
The reduction in value of an intangible asset is ...
\(\begin{array}{c|c} & ₦ \\ \hline \text{Net profit} & 60,000\\ \text{Total assets} & ...
The objective of a trading account is to establish the? ...
In preparing the final accounts, the bad debt account is closed by a transfer to the ...