Accounts (Principles of Accounts)The cash book and discountsJAMB
The cash in hand at the start of a week was ₦12,000. Cash received during the week was ₦30,000 and cash paid out was ₦26,500. The closing cash balance is
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Answer: C. ₦15,500
12,000 + 30,000 − 26,500 = ₦15,500.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.