Question 45
Use the following information to answer questions 45 and 46.
The following is a summary of the petty cash transaction of YAKS Ltd for the month of February, 2015
Feb 1. Received from account ₦10,000 as cash floats
Feb. 3 Paid cleaners ₦1,000
Feb 5 Bought petrol for delivery van ₦1,300
Feb. 8 Bought postage stamp ₦300
Feb. 12 Paid ₦1,700 for cutting grasses
Feb. 22 Bought stationeries for ₦700
Feb. 28 Paid for postage ₦500
The following is a summary of the petty cash transaction of YAKS Ltd for the month of February, 2015
Feb 1. Received from account ₦10,000 as cash floats
Feb. 3 Paid cleaners ₦1,000
Feb 5 Bought petrol for delivery van ₦1,300
Feb. 8 Bought postage stamp ₦300
Feb. 12 Paid ₦1,700 for cutting grasses
Feb. 22 Bought stationeries for ₦700
Feb. 28 Paid for postage ₦500
What is the amount of cash the petty cashier is to be re-imbursed at the end of the month?
Objective