Question
ABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrol, 75 office stationery,
ABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrol, 75 office stationery, RO125 staff welfare and 85 travelling and there was RO 65 left in the petty cash box. The fund balance is to be increased to RO600. How much is the amount required to be refill in the petty cash fund?
a. RO 435
b. RO 535
c. RO 530
d. RO 425
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
