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JAMB Accounting 2009 Objective — Question 10

Question 10 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2009 Objective paper, with the correct answer and a full explanation.

10. What is the balance of cash with the petty cashier at the end of period 1?

A. #220Correct
B. #780
C. #980
D. #1780

Explanation

Balance = #1,000 (float) - #780 (paid out) = #220.

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