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five hundred naria monthly is allowed on an imprest system. The following transactions ...

five hundred naria monthly is allowed on an imprest system. The following transactions took place.
Period1:
Cash advanced to petty cashier......N500
Petty cashier paid out: stamp.......N200
Newspaper...........................N250
Period 2:
Cash to petty cashier...............N450
Cashier paid for writing materials..N350
What was the balance of cash with the petty cashier ata the end of period 1?
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  • A N50
  • B N200
  • C N300
  • D N450
Correct Answer: Option A
Explanation:

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