NABTEB Accounting 2020 Objective — Question 41

Question 41 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

Using the information in Q39, the amount reimbursed at the end of the month was

A. GH¢8,000
B. GH¢7,456Correct
C. GH¢6,966
D. GH¢6,928

Explanation

The amount reimbursed restores the float to GH¢8,000, equal to total petty cash payments for the month of GH¢7,456.

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