If the float is increased to N1200, how much should the petty cashier receive after period 2?
Use the information above to answer question 9 and 10.
Period 1:
……..Cash to petty cashier………….N1000
……..Petty cashier pays out…………N780
Period 2:
……..Petty cashier pays out…………N840
If the float is increased to N1200, how much should the petty cashier receive after period 2?
A 160
B 840
C 1000
D 1040
Answer is D
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