| Period 1 | N |
| Cash to petty cashier | 1000 |
| Petty cashier pays out | 780 |
| Period 2 | |
| Petty cashier pays out | 840 |
What is the balance of cash with the petty cashier at the end of period 1?
-
A.
220 -
B.
780 -
C.
980 -
D.
1780
Correct Answer: Option A
Explanation
period one income =
N1,000- N780 pay out = N220 balance