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WAEC Financial Accounting 1992 Question 16

Question 16

Company Accounts

Directors' remuneration are recorded in the book as

  1. A.revenue expenditure
  2. B.appropriation
  3. C.deferred expenditure
  4. D.provision
  5. E.capital expenditure.
Show the answer and explanation

Answer: A (revenue expenditure)

Explanation

Directors' fees are an expense of running the company, charged to profit and loss.