Accounting WAEC

Recurrent expenditure is?

Use the question to answer this question

The following information was extracted from the books of Miliki state

Sinking of boreholes 2,900,000
Purchase of Motor car 920,000
Stationery 300,000
Electricity 45,000
Purchase of drugs 76,000
Purchase of beds 425,000

A. ₦345,000
B. ₦3,245,000
C. ₦421,000
D. ₦4,245,000

Correct Answer: Option C

C. ₦421,000

Explanation

Recurrent expenditure
Stationery 300,000
Electricity 45,000
Purchase of drugs 76,000
421,000
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