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JAMB Principles of Accounts 2001 Question 9

Question 9

Cash Book

A cash book had opening balance of ₦15,200, closing balance ₦18,400 and total cash received during the period ₦36,000. What was the amount of cash paid out during the same period?

  1. A.₦17,800
  2. B.₦19,600
  3. C.₦29,200
  4. D.₦32,800.
Show the answer and explanation

Answer: D (₦32,800.)

Explanation

Paid out = 15,200 + 36,000 − 18,400 = ₦32,800.