JAMB Accounting 2019 Objective — Question 11

Question 11 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2019 Objective paper, with the correct answer and a full explanation.

A cash book had opening balance of ₦15,200, closing balance of ₦18,400 and total cash received during the period is ₦36,000. What was the amount of cash paid out during the same period?

A. ₦29,200
B. ₦17,800
C. ₦32,800Correct
D. ₦19,600

Explanation

Cash paid = Opening balance + cash received − closing balance = 15,200 + 36,000 − 18,400 = ₦32,800.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2019 Objective More Accounting past papers