A cash book had a opening balance of N15,200, closing balance of N18,400 and total cash received during the period of N36,000. What was the amount of cash paid out during the same period?
-
A.
N29,200 -
B.
N17,800 -
C.
N32,800 -
D.
N19,600
Correct Answer: Option C
Explanation
opening balance= N15,200
cash receipt = N36,000
closing balance= N18,400
N15,200 + N36,000 = N51,200
N51,200 – N18,400 = N32,800 (cash paid out)