Use the following information to answer questions below Bola a grocer, keep petty cash on imprest system, the float being GH⊄ 8,000. These transactions took place in January 2018.
GH⊄
January 1 Petty cash in hand 1034
January 1 Petty cash to restore float 6966
January 6 Bought note books 656
January 7 Paid wages 1828
January 14 Bought postage stamps 750
January 16 Paid to Biodun a creditor 1072
January 18 Paid wages 1856
January 23 Purchased envelopes 874
January 28 Purchased postage stamps 420
Amount posted to the personal ledger was
  • A GH⊄ 1,034
  • B GH⊄ 1,072
  • C GH⊄ 6,966
  • D GH⊄ 3,684
waec 2022accounting

The correct answer is B. GH⊄ 1,072

The amount paid to biodun a creditor represent the ledger in the petty cash book which amounted to GH⊄ 1,072

Previous question Next question