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Use the following information below to answer this questionFive hundred naira monthly i...


Question

Use the following information below to answer this question

Five hundred naira monthly is allowed on an imprest system. The following transactions took place
Period 1:
Cash advanced to petty cashier 500
Petty cashier paid out: Stamp 200
Newspaper 250
Period 2:
Cash to petty cashier 450
Cashier paid for writing materials 350

Howmuch should the petty cashier receive after period 2?

Options

A)
₦150
B)
₦350
C)
₦250
D)
₦500

The correct answer is B.


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