Use the information below to answer questions 11 and 12. The initial imprest as at July Ist was ₦500. Petty cash vouchers with the custodian by July 15th ad...

Assessment: JAMB UTME - Principles of Accounts - 1998 Subject: Financial Accounting

Question 1 Report

Use the information below to answer questions 11 and 12.

The initial imprest as at July Ist was ₦500. Petty cash vouchers with the custodian by July 15th added up to ₦394. An IOU slip received from a co-worker was ₦65 and there was a shortage of ₦5 cash. The co-worker made refund on July 18th just before the imprest was replenished.What was the actual cash in the till as at 15th July?

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