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)
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