Period 1:
……..Cash to petty cashier………….N1000
……..Petty cashier pays out…………N780
Period 2:
……..Petty cashier pays out…………N840
A. 160
B. 840
C. 1000
D. 1040
Correct Answer:
Option D – 1040
Explanation
previous imprest – pay out in period 2;
1,000 – 840 = 160
Then when it is increased to 1200;
1200 – 160 = 1040
The petty cashier will be reimbursed with 1,040
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…