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
What was the balance of cash with the petty cashier ata the end of period 1?
-
N50
- N200
- N300
- N450