Use the information above to answer question 9 and 10. Period 1: ........Cash to petty cashier.............₦1000 ........Petty cashier pays out............₦...

Assessment: JAMB UTME - Principles of Accounts - 2009 Subject: Financial Accounting

Question 1 Report

Use the information above to answer question 9 and 10.

Period 1:

........Cash to petty cashier.............₦1000

........Petty cashier pays out............₦780

Period 2:

........Petty cashier pays out............₦840

If the float is increased to ₦1200, how much should the petty cashier receive after period 2?

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