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JAMB Principles of Accounts 2000 Question 48

Question 48

Public Sector Accounting

Recurrent expenditure are expenses for the period not exceeding

  1. A.10 years
  2. B.5 years
  3. C.2 years
  4. D.1 year.
Show the answer and explanation

Answer: D (1 year.)

Explanation

Recurrent expenditure is for running costs within one financial year.