Accounting WAEC

The amount of revenue expenditure for 1995 was?

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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