Use the following information to answer the giv... - WAEC Accounting 2001 Question
Use the following information to answer the given question,
Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being N4,000. The following transactions took place for a particular month:
\(\begin{array}{c|c} & & & N \ \hline Dec. & 1 & \text{petty cash in hand} & 517 \ & 1 & \text{petty cash to imprest amount} & 3,483 \ & 6 & \text{Bought notebooks} & 328\ & 7 & \text{Paid wages} & 914\ & 14 & \text{Bought postage stamps} & 375 \ & 16 & \text{Paid to J. Thomas, a creditor} & 536 \ & 21 & \text{Paid wages} & 928 \ & 23 & \text{Bought envelopes} & 437 \ & 27 & \text{Bought postage stamps} & 210\end{array}\)
Amount soent on stationery is
Taiwo is a sole trader who keeps his petty cash on the imprest system, the imprest amount being N4,000. The following transactions took place for a particular month:
\(\begin{array}{c|c} & & & N \ \hline Dec. & 1 & \text{petty cash in hand} & 517 \ & 1 & \text{petty cash to imprest amount} & 3,483 \ & 6 & \text{Bought notebooks} & 328\ & 7 & \text{Paid wages} & 914\ & 14 & \text{Bought postage stamps} & 375 \ & 16 & \text{Paid to J. Thomas, a creditor} & 536 \ & 21 & \text{Paid wages} & 928 \ & 23 & \text{Bought envelopes} & 437 \ & 27 & \text{Bought postage stamps} & 210\end{array}\)
Amount soent on stationery is
A
N765
B
N585
C
N538
D
N437
correct option: a
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