IN A PETTY CASH BOOK, THE CLOSING BALANCE WAS N235, IMPREST N1,250, WHILE THE STATIONERY EXPENSES WERE N655. HOW MUCH WAS PAID FOR OTHER GENERAL EXPENSES

• A. N360 ✓
• B. N355
• C. N350
• D. N305

The answer to the question is: A. N360

In a petty cash book, the closing balance was N235, imprest N1,250, while the stationery expenses were N655. To calculate how much was paid for other general expenses, we can use the formula:

Imprest – Closing Balance – Stationery Expenses = Other General Expenses

Using the given values:

1,250 – 235 – 655 = Other General Expenses

1,250 – 235 – 655 = 360

Therefore, the amount paid for other general expenses is N360.