ACCOUNTING

JAMB 2005 - Question 9

Account 2005 JAMB Past Questions - Question 9: Five hundred naira monthly is allowed on an impress system. The following transactions took place: Period 1: N Cash advanced to petty cashier 500 Petty cashier paid out: Stamp 200 Newspapers 250  Period 2: Cash to petty cashier 450 Cashier paid for writing materials 350 How much should the petty cashier receive after period 2?

Choose the most appropriate option for the gap .
Five hundred naira monthly is allowed on an impress system. The following transactions took place: Period 1: N Cash advanced to petty cashier 500 Petty cashier paid out: Stamp 200 Newspapers 250  Period 2: Cash to petty cashier 450 Cashier paid for writing materials 350
How much should the petty cashier receive after period 2?
A:
B:
C:
D:
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Correct Answer

B

Explanation

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