Five hundred naira monthly is allowed on an imprest system.The following transac...

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

How much should the petty cashier receive after period 2?

Options

B)

₦250