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WAEC Financial Accounting 2008 Question 32

Question 32

Public Sector Accounting

Sulay Local Government (D):
Construction of classrooms D500,000
Sinking of boreholes D100,000
Staff salaries D150,000
Electricity D14,000
Transport and travels D7,000
Office expenses D9,000
Capital expenditure is

  1. A.D780,000
  2. B.D750,000
  3. C.D600,000
  4. D.D500,000.
Show the answer and explanation

Answer: C (D600,000)

Explanation

Classrooms 500,000 + boreholes 100,000 = D600,000.