JAMB Principles of Accounts 1999 Question 8

Question 8

Cash Book

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?

  1. A.₦8,900
  2. B.₦9,800
  3. C.₦14,600
  4. D.₦16,400.
Show the answer and explanation

Answer: D (₦16,400.)

Explanation

Payments = opening 7 600 + receipts 18 000 − closing 9 200 = ₦16 400.