NZ operates an imprest system to control its petty cash. It keeps a float of K7,000 but plans to increase this by K1,000 at the end of the month of December 2017.
The following transactions took place during December:
K120 paid for postage
K200 received from an internal user of telephone
K230 paid to the milkman
K700 paid for cleaning
K100 received from internal staff as payment for stationery usage on private activity.
K400 paid to the director to put petrol in his car.
How much should be drawn by Petty cashier from the main cashier?
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