Question 31
Public Sector AccountingThe education department of Arimoro Local Government incurred the following expenses in 1995:
Construction of classrooms: N500,000
Purchase of tables and chairs: N50,000
Purchase of textbooks for library: N40,000
Annual inter-house sports competition: N20,000
Payment of teachers' salary: N80,000
Recurrent expenditure of the year was
- A.N170,000
- B.N130,000
- C.N120,000
- D.N100,000
- E.N80,000.
Show the answer and explanation
Answer: D (N100,000)
Explanation
Recurrent items = sports 20,000 + salaries 80,000 = N100,000.