five hundred naria monthly is allowed on an imprest system. The following transactions took place.

Period1:

Cash advanced to petty cashier......N500

Petty cashier paid out: stamp.......N200

Newspaper...........................N250

Period 2:

Cash to petty cashier...............N450

Cashier paid for writing materials..N350

How much should the petty cashier receive after period 2?

  • A N150
  • B N250
  • C N350
  • D N500

The correct answer is B. N250

No explanation given
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