The amount of revenue expenditure for 1995 was?

By: |Published on: Aug 16|Categories: Accounting WAEC| 0 comments

Use the following information to answer this question

Kudi Local Government Council incurred the following expenditure in 1995:

#
Payment of salaries  140,000
Purchase of drugs for dispensaries  80,000
Purchase of books for Library  30,000
Sinking of wells  70,000
Extension of Council offices  160,000

 

A. N26,000
B. N230,00
C. N220,000
D. N160,000
E. 140,000

Correct Answer:

Option C – N220,000

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