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WAEC Financial Accounting 2013 Question 33

Question 33

Public Sector Accounting

Use the following information to answer questions 32 and 33.
Aminn Local Government prepared its receipts and payments account from the following:
Fines: Le 20,000
Market rates: Le 120,000
Salaries: Le 60,000
Maintenance of vehicles: Le 49,000
Park collections: Le 100,000
The total expenditure for the period is

  1. A.Le 319,000
  2. B.Le 270,000
  3. C.Le 139,000
  4. D.Le 109,000
Show the answer and explanation

Answer: D (Le 109,000)

Explanation

Expenditure = salaries 60,000 + vehicle maintenance 49,000 = Le 109,000.