| Period 1 | N |
| Cash to petty cashier | 1000 |
| Petty cashier pays out | 780 |
| Period 2 | |
| Petty cashier pays out | 840 |
A. 220
B. 780
C. 980
D. 1780
Correct Answer:
Option A – 220
Explanation
Period one income = N1,000 – N780 pay out = N220 balance
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