In a cash book, the opening balance was ₦7,600, closing balance ₦9,200 and the total cash received during the period was ₦18,000. What was the amount of cas...
Question 1 Report
In a cash book, the opening balance was ₦7,600, closing balance ₦9,200 and the total cash received during the period was ₦18,000. What was the amount of cash paid out during the period?
Answer Details
The amount of cash paid out during the period can be calculated as follows:
Cash paid out = Opening balance + Total cash received - Closing balance
Cash paid out = ₦7,600 + ₦18,000 - ₦9,200
Cash paid out = ₦16,400
Therefore, the amount of cash paid out during the period was ₦16,400.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning