Categories: Accounting WAEC

The petty cash account has an imprest of GH¢36000 and a debit balance of GH¢10000 at the end of the month. The reimbursement required would be
The petty cash account has an imprest of GH¢36000 and a debit balance of GH¢10000 at the end of the month. The reimbursement required would beThe petty cash account has an imprest of GH¢36000 and a debit balance of GH¢10000 at the end of the month. The reimbursement required would be

A. GH¢46,000
B. GH¢36,000
C. GH¢26,000
D. GH¢10,000

Correct Answer:

Option C = GH¢26,000

Sunday

Share
Published by
Sunday
3 years ago

    Related Post

  • Which of the following has a debit balance?
  • Which of the following is found in receipts and payments account?

Recent Posts

Annuity Contracts and Micro Pension Schemes in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

5 hours ago

INS 312 Theory Questions: RSA Withdrawal Conditions and Group Life Assurance Coverage in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

5 hours ago

INS 312 Theory Questions: Pension Reforms in Nigeria: Addressing Old Scheme Challenges and Regulatory Needs

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

5 hours ago

INS 312 Theory Questions: Pension Plans: Occupational vs Personal & Contributory Pension Analysis

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

6 hours ago

INS 312 Theory Questions: Social Insurance vs Private Insurance, ECA Objectives & Nigeria’s Pension Structure

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

6 hours ago

INS 312 Theory Questions: The Evolution, Classification, and Objectives of Pension Systems in Nigeria

300 Level  Department of Insurance exam questions and detailed answers. Download the answers in document format.…

6 hours ago