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Question 23

A petty cash account has an imprest of D28,000. The account has a debit balance of D5,000. How much cash is needed to restore the imprest?

  • A.D33,000
  • B.D28,000
  • C.D23,000
  • D.D5,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2014
Question no.
#23
Type
Objective
Previous · Q22When an asset is sold, the entries for the accumulated depreciation are; debit Next · Q24 In a not-for-profit making organization, when the total income is less than the…

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