WAEC Accounting 2022 Paper

Concept:Under the imprest system, the total petty cash spent during the period is the sum of all petty payments made, and this amount is also the amount needed to restore the float.Explanation:Add all the petty cash payments recorded in January 2018:$\text{GH}{\not\subset}\,656 + \text{GH}{\not\subset}\,1{,}828 + \text{GH}{\not\subset}\,750 + \text{GH}{\not\subset}\,1{,}072 + \text{GH}{\not\subset}\,1{,}856 + \text{GH}{\not\subset}\,874 + \text{GH}{\not\subset}\,420$Adding step by step:$656 + 1,828 = 2,484$$2,484 + 750 = 3,234$$3,234 + 1,072 = 4,306$$4,306 + 1,856 = 6,162$$6,162 + 874 = 7,036$$7,036 + 420 = 7,456$So the total petty cash spent during the period is $\text{GH}\not\subset 7,456$.This matches option C.Answer:Total transactions during the period = $\text{GH}\not\subset 7,456$.Correct option: C. GH⊄ 7,456.