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Use the information below to answer the following questions What is the balance of ...

Use the information below to answer the following questions
Period 1 N
Cash to petty cashier 1000
Petty cashier pays out 780
Period 2
Petty cashier pays out 840






What is the balance of cash with the petty cashier at the end of period 1?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A 220
  • B 780
  • C 980
  • D 1780
Correct Answer: Option A
Explanation:
period one income =
N1,000- N780 pay out = N220 balanceÂ

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