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WAEC Financial Accounting 2018 Question 4

Question 4

Capital and Revenue Expenditure

Which of the following transactions is a revenue expenditure?

  1. A.Purchase of a plant
  2. B.Purchase of a new engine
  3. C.Construction of office wall
  4. D.Purchase of fuel for vehicle
Show the answer and explanation

Answer: D (Purchase of fuel for vehicle)

Explanation

Fuel is a running cost used up in the period.