An entity has £50.00 in its petty cash float. The cashier takes £30.00 out of the shop till, purchases flowers at £15.00, tea for £2.00, biscuits for £4.00, toilet roll for £3.00. What should be balance in petty cash be at the end of the day?

Question

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The initial petty cash float is £50.00. The cashier adds £30.00 from the till, making it £80.00. After spending £24.00 (£15 + £2 + £4 + £3), the balance should be £56.00.

An Entity Has £50