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Friday, 24 April 2026
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Use the following information below to answer this question Five hundred naira monthly ...

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
How much should the petty cashier receive after period 2?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A ₦150
  • B ₦350
  • C ₦250
  • D ₦500
Correct Answer: Option B
Explanation:

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