What was the amount of cash paid out during the same period?

A cash book had a opening balance of N15,200, closing balance of N18,400 and total cash received during the period of N36,000. What was the amount of cash paid out during the same period?

A. N29,200
B. N17,800
C. N32,800
D. N19,600

Correct Answer:

Option C – N32,800

Explanation

opening balance= N15,200

cash receipt = N36,000

closing balance= N18,400

N15,200 + N36,000 = N51,200

N51,200 – N18,400 = N32,800 (cash paid out)